53 days ago • Posted by Paul de La Baume
#Bitcoin jumps to highest since June'22. How high can it go? #BTC $COIN $BITO
Bitcoin, the largest crypto by market cap jumped to its highest since June 2022. This is a strong testimony of the risk-on sentiment in the market right now. What should matter most besides crypto-related newsflow is the direction of the dollar and the overall market direction of tech stocks. Bitcoin has shown to advance together with tech stocks and when the dollar drops. The earnings season for Big Tech in 2 weeks should clear the air and offer direction for the near-term trading range.