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Bitcoinist 2020-05-06 05:10:49

Renewed Bitcoin Rally May Be Triggered by This $2 Trillion Investor Cash Pile

Bitcoin eyes a new price rally as investors assess the provisional reopening steps taken by the U.S. states. Analysts believe a restrained second wave of Covid-19 infections could increase risk sentiment. There is now around $2.3 trillion sitting in money market funds and banks to reenter markets. Bitcoin’s growing correlation with the U.S. equities could lead its spot price further higher, according to a suggestive analysis. Analysts at Unigestion said in a note that investors are […]

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