Bitcoin stalls ahead of US macro data, Wall Street buys BTC
From Cointelegraph
May 26, 2025 5:00 pm:
Bitcoin remains below $110,000 due to macroeconomic uncertainty and Nvidia’s earnings cap risk appetite. US economic clarity could unlock BTC highs, despite Trump’s tariff delay. Institutional interest and derivatives market suggest bullish traders are not overleveraged. Leveraged long Bitcoin positions grew as BTC futures premium rose to 8%. Nvidia earnings and US economic data could impact Bitcoin price. Bitcoin options markets signal upward movement. Institutional demand for Bitcoin is shifting risk perception. JPMorgan allows clients to purchase spot Bitcoin ETFs, opening door to indirect exposure. US markets closed for Memorial Day, concerns over US government debt and potential recession remain. Economic data will influence market sentiment and Bitcoin’s chances of breaking above $112,000.
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