The policy signals arrived as traders debated Bitcoin’s path back above $100,000. MN Capital founder Michael van de Poppe said, ‘There doesn’t need to be a narrative that pushes the price upwards.’
He added, ‘Price moves upwards, and the narrative will create itself.’ His comments came as traders watched Federal Reserve policy, spot Bitcoin ETF flows, crypto legislation, and government reserve plans.
Bitcoin last traded at $100,000 on Nov. 13, about one month after the Oct. 10 crypto market liquidation event that erased roughly $19 billion. It later fell to a yearly low of $60,000 in February before recovering to about $78,250.
Bitcoin gained 14.49% over the past 30 days, while it remained down around 10% since Jan. 1. Nvidia shares were up 5.08% over the same period, as market attention also moved toward artificial intelligence stocks.
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