In its weekly market report dated the 21st, CoinShares indicated that the recent rebound in Bitcoin (BTC) was primarily driven by macroeconomic trends rather than factors unique to the cryptocurrency market. The company analyzed that the unwinding of historically large short positions amplified this rise.
Specifically, the minutes from the July FOMC meeting, released on the 19th, indicated more hawkish discussions than merely maintaining the interest rates, suggesting that...
