🎉 Bitcoin (BTC) had a mini party, gaining 8.4% and hitting a 3-week high of $66,750! 🚀 But, it seems the crypto crowd isn't popping champagne just yet. Why? Traditional assets are stealing the limelight with S&P 500 hitting an all-time high and gold glittering with a 4% gain. 📈
Bitcoin ETF inflows, once the life of the party, have hit a wall. Regulatory woes in the U.S. are also causing some jitters, with the CFTC Chair hinting at more enforcement actions against the crypto world. 😰
Despite the recent rally, Bitcoin derivatives are flat, showing investors aren't ready to bet big. But hey, if Bitcoin surprises us and breaks $68,000, we might just see a bullish stampede! 🐂
What's your take? Are we in for a surprise rally or a cautious crawl? Comment below! 👇 Remember, always do your own research before making investment decisions.