NewsHK
Risk appetite returned to digital assets this week, and Bitcoin ($BTC) was the clearest expression of it, posting a gain of 22% over seven days.
Investor optimism, credited to several contributing factors, drove the move in the flagship cryptocurrency. Exactly which factors led the rally remains unspecified in available reports.
For anyone reading the derivatives side of the ledger, that vagueness is the detail to flag.
A 22% move in a week is not a small number, and price action of that scale without a clearly named catalyst tends to leave open the question of what holds it up.
Keep reading