By Francisco Rodrigues (All times ET unless indicated otherwise)
Bitcoin and the wider crypto market showed mixed signals on Tuesday, with the largest cryptocurrency briefly touching $70,000 on reports a ceasefire in Iran was proposed.
The hesitation comes a day after bitcoin exchange-traded funds (ETFs) recorded their largest inflows since late February, even as the market pays close attention to the harsh macro backdrop. Bitcoin ETF investors’ demand suggests they see the current price action as an accumulation opportunity.
Binance Research found earlier this month that bitcoin’s correlation with its Global Easing Breadth Index, which tracks 41 central banks, turned strongly negative after the launch of spot bitcoin…
