Bitcoin's New Dance: ETFs Flip Negative Link to Fed Easing
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoins relationship with the Federal Reserve has shifted, according to a new Binance Research report. Once positively correlated with central bank easing, bitcoin is now strongly negatively correlated due to the introduction of spot exchange-traded funds (ETFs) in early 2024. Retail traders influence has waned as institutions have taken the lead in betting on bitcoin as a predictor of policy shifts. Despite market concerns over stagflation and rate hikes, Binance suggests the sell-off is overblown, as historical data shows banks typically prioritize growth. Bitcoins current price reflects this, with more emphasis on crypto flows and policy wins than rate drama.
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