Bitcoin has the firmer tape today, up about 1.6%, while stocks are softer and Treasury yields are slightly higher.
The bitcoin reserve debate is helping the narrative, especially after a Czech central bank official made the case for Bitcoin in sovereign reserves. But macro risk is still present, and the ZetaChain exploit headline is another reminder that capital may stay selective outside Bitcoin.
My read is that BTC looks firm, but this is not a clean broad crypto risk-on move yet. Curious how others are reading it.
Bitcoin looks firm, but this still feels like a selective crypto market
byu/cryptolivepulse inCryptoMarkets
Posted by cryptolivepulse