Bitcoin showed remarkable strength throughout the week, but BTC’s correlation to tech stocks and its reactive spot ETF flows suggest the bear market isn’t over yet.
Key takeaways:
Bitcoin sits above $71,000 as weak US economic data and the US and Israel-Iran war drive investors toward scarce assets.
Tech stocks’ correlation to BTC and rising oil prices suggest that the 5-month correction from $126,000 might not be over.
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