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CoinShares’ James Butterfill says fiscal concerns helped drive Bitcoin from the low $60Ks toward $80K, with BTC trading increasingly like a hard-asset hedge amid concerns over government debt.
According to Butterfill, a convincing move above $80K could require either a resolution to the Iran conflict or a further decline in confidence in U.S. government debt.
The key question now is whether BTC can turn this macro-driven rally into a sustained breakout.
$BTC
#Bitcoin #BTC #Crypto #MarketUpdate #Gateio