U.Today - During his recent appearance on CNBC’s Squawk Box show, venture investor and entrepreneur Anthony Pompliano (commonly known as Pomp within the cryptocurrency community) shared with the anchors what has been pushing Bitcoin up since Friday.
Pomp stated that despite being volatile on a day-to-day basis, Bitcoin continues to grow since the start of the year.
Drivers fueling Bitcoin price recovery, 200-day MA’s ATH
Bitcoin Leads Digital Asset Investment Products in Outflows. According to U.Today, Bitcoin (BTC) is leading the outflows among digital asset investment products for the third consecutive week. The digital asset ecosystem, including spot crypto ETFs, has witnessed outflows amounting to $435 million in the past week. This is the highest volume of outflows the industry has seen since March, indicating a decline in the enthusiasm of ETF investors that was prevalent during the initial approval of spot Bitcoin ETF.
Swiss Bitcoin Advocate Calls for National Referendum to Include Bitcoin in National Reserves According to Foresight News, Yves Bennaïm, a Swiss Bitcoin advocate and the founder and chairman of the non-profit think tank 2B4CH, has initiated a national referendum. The aim of this referendum is to urge the Swiss National Bank (SNB) to include Bitcoin in the national asset reserves. The launch of this referendum depends on whether it can obtain valid signatures from 100,000 Swiss citizens. If the required number is reached, Swiss citizens will vote on the proposed amendment.