Bitcoin flows coming in second place to US monetary policy.
There are competing ideas about the direction markets could take on the back of recent announcements made by the US Fed and the Treasury. As crypto continues behaving as a risk asset, the direction equity markets will take will likely have more heavy bearing on the price of Bitcoin. But upbeat markets so far are reversing some major outflows and keeping the price of the cryptocurrency within certain bounds relative to the cumulative total.
Meanwhile, dated-futures are paying just under 10% annualised, more than half less of what the premium was just a few weeks ago.
Read more in this week's Opening bell.
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