Fidelity Warns of Bitcoin ‘Rebalancing’ Amid Gold Rush – U.Today
The $116 trillion benchmarks The momentum outliner Jurrien Timmer, Fidelity’s director of global macro, has questioned whether Bitcoin’s bounce to $95,000 is a return to trend or a “countertrend” trap. The executive has warned that the “huge outlier” status of Bitcoin’s momentum curve may signal that further rebalancing is required before a true bottom is established. In...
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