Oddbean new post about login | logout Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says. https://www.coindesk.com/resizer/8cpU0fYKiTnAFXAI5ijE6wyTU_A=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/K5PM2RHIBJCBNJBVUBK53FVSRM.png
Lol.. Bitcoin isn't having any weakness. It was 40K just a few months ago..😂🤣🧡😊
Coinbase emphasized that Bitcoin's recent weakness has not been isolated to crypto markets and therefore is not indicative of sector-specific capitulation. They also pointed out the problem with looking at U.S. ETF inflows as a proxy for global price discovery, particularly with gold, which has had a net outflow of $3 billion in 2024 despite a 12% year-to-date rise in its price
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