Why Bitcoin hit $80k today hours before bad US data even landed

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Bitcoin topped $80,000 on September 18 during a technology-led relief rally, trading at $80,856, up 5.60% over 24 hours. This advance was already underway during European trading hours, several hours before weak US economic data was released. US spot Bitcoin ETFs recorded net inflows of $159.5 million on September 17, indicating improved demand, though a single day does not establish a durable reversal. US industrial production remained flat in August and the leading economic index fell 0.1%, figures that weaken the case for additional monetary tightening. The rebound appears to reflect renewed risk appetite, without a single decisive trigger having been identified.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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