Bitcoin rebounds, outflows seen in ETF data, correlation with Nasdaq growing, potential capital inflow

From Investing.com: 2025-01-15 09:20:00

Bitcoin has rebounded from a recent selloff, climbing from around 89000 to nearly 98500 post CPI. ETF flow data shows three consecutive days of outflows for Bitcoin as correlation with Nasdaq grows. Speculation rises on whether a Trump Presidency in 2025 could lead to significant capital inflow into Bitcoin. Technically, Bitcoin is at a crucial point, breaking the 50-day moving average and aiming for the 100k mark.

The recovery in Bitcoin has been quick, with the cryptocurrency rising from Monday lows of 89000 to close near 95000. ETF data indicates three days of outflows, with the largest on Monday. A report highlights the growing correlation between Bitcoin and Nasdaq, potentially impacting institutional investor allocations.

Optimism surrounds a potential boost for the crypto industry with a Trump Presidency, leading to predictions of $520 billion of capital inflow into Bitcoin in 2025. Market data suggests this influx could fuel a bullish run for cryptocurrencies. US data releases may temporarily influence Bitcoin’s price movements. Technical analysis shows Bitcoin at a critical juncture, testing the 50-day moving average.



Read more at Investing.com: BTC/USD Vs. NASDAQ: Is the Correlation Affecting Crypto Outflows?