"Bitcoin has recorded a notable correction, retreating from the peak near $74,000 to around $71,000 after failing to sustain the rally established immediately following the U.S. inflation data."
"Although lower than expected, inflation overall remains at a relatively high level, particularly as energy prices continue to fluctuate due to geopolitical factors."
"ETF flows also played a short-term supportive role, recording two consecutive sessions of inflows toward the end of the week, indicating that institutional demand has not fully withdrawn from the market."
"In such an environment, rallies often struggle to sustain, especially in the absence of a sufficiently strong catalyst from both macro conditions and capital flows."
Bitcoin has corrected from a peak of $74,000 to around $71,000 after failing to maintain its rally post-U.S. inflation data. While the market reacted positively to lower-than-expected inflation figures, the underlying conditions do not support a sustainable uptrend. Institutional demand remains, as indicated by recent ETF inflows, but inflation pressures and high interest rates continue to limit market expectations. The current environment suggests that without strong catalysts, Bitcoin's rallies may struggle to sustain.
Read at London Business News | Londonlovesbusiness.com
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