Posted 10/23/2023, 5:19:00 AM
Bitcoin Price Rallies on ETF Speculation, Inflation Fears and Lawsuit Optimism
- Bitcoin price continues to rise, following bullish cues from gold and other rate-sensitive assets
- Analysts attribute Bitcoin's rally to speculation around potential approval of a spot Bitcoin ETF
- Options market makers are increasingly short gamma, which could amplify upward price moves
- War spending is seen as inflationary, which benefits Bitcoin as an inflation hedge
- Optimism around the Ripple lawsuit outcome is also boosting Bitcoin bullish sentiment
