Fed liquidity and dollar weakness could influence Bitcoin's next move 💰
@Bitcoin has rallied past $72,000 for the first time since June 1.
- The Dollar Index fell 0.88%, now at 98.77, its lowest since May.
- The bond market's relief came after White House signals for U.S. Treasuries.
- Pedro Fontes from Mercado Bitcoin sees current conditions favoring Bitcoin.
- More than $3.3 billion in liquidations occurred in the last 24 hours.
- Short positions contributed to $2.7 billion of those liquidations.
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$BTC 's margin-borrow rate increased to 4.6% from 3.9%.
Watch for today’s trading session to