It's happening. Mainstream media are starting to pick up on Bitcoin's price climbing up. Is it the beginning of the bull run, or just a short-term rally driven by the news of approval of the spot ETF - I don't know. I guess we'll have to wait and see.
But seeing BTC moving up independently from the stock market has a value of its own.
Morning Bid: Bitcoin is back, stocks wobblehttps://www.reuters.com/markets/europe/global-markets-view-europe-2023-10-24/Earnings from big hitters, a crowded economic calendar and anxiety over the Israel-Hamas war will likely keep investors jittery as Europe wakes up, while bitcoin prices have struck an 18-month high
MSCI's broadest index of Asia-Pacific shares outside Japan whipsawed between gains and losses, touching a fresh 11-month low before reversing course to nudge back into the black. Futures point to a lower open in European bourses.
Treasuries remain in the headlines with yields on 10-year notes briefly hitting 5% on Monday before quickly declining. It was last at 4.846% in Asian hours.
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Meanwhile, bitcoin prices soared on the back of rising speculation about the possibility of a bitcoin exchange-traded fund.