Bitcoin's Recovery and ETF Outflows Raise Questions About Institutional Crypto Adoption
BTC when published $83,487Now $80,595 ▼ −3.46% since it was published
Ryan Kirkley of Global Settlement Network says rising capital costs and ETF outflows put the focus on liquidity, collateral and settlement rather than token prices. Investorideas.com ( www.investorideas.com newswire ) a trusted go-to platform for big investing ideas, including crypto and defense stocks issues market commentary from Ryan Kirkley, CEO, Global Settlement Network. Bitcoin has recovered above $83,000 despite weakness in South Korean equities and Nasdaq futures, which I find particularly notable given how closely crypto has traded alongside traditional risk assets when investors have grown nervous about the broader economic outlook. I wouldn't go so far as to suggest Bitcoin has suddenly decoupled from equities, because we've seen these divergences before and they don't always last, but I do think the recovery says something about how investors are approaching…
First reported by Investorideas.com. This page is a short excerpt; the full text is theirs.
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