Bullish Drivers Remain In Play Despite Germany's Bitcoin Sales and Mt. Gox Reimbursements
Macro factors and persistent "risk-on" in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry.
By Omkar Godbole
Germany's BTC sales and Mt. Gox reimbursements weigh over BTC.
Major economies' expansionary phase, slowing inflation, and peak tech optimism on Wall Street suggest a positive outlook.
It may seem like turbulent times in the crypto market amid Germany's bitcoin (BTC) sales and fears about mass liquidations by defunct exchange Mt. Gox's creditors. However, looking past these supply overhangs reveals a promising outlook, buoyed by supportive macroeconomic factors and sustained risk-taking in traditional markets.