“We see the main driver behind this 20% BTC hike over the past week key as the fact that some macro fears are subsiding with positive economic data in the US, including lower inflation stats and strong job growth numbers, in Europe, the EU released unemployment stats which were the lowest in 23 years and, China lifted many of the border restrictions,” Bradley Duke, co-CEO at crypto ETP provider ETC Group, wrote in an email. “This shift in sentiment was reflected in the BTC futures market, with traders betting long four days in a row based on the Long-Short ratio.”

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• Source: https://www.coindesk.com/markets/2023/01/17/first-mover-asia-bitcoin-tops-213k-as-cryptos-2023-feel-good-story-continues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines