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Bitcoin Price Forecast: BTC bullish momentum builds as premium exceeds 9% for first time in three months :
Bitcoin price extends its gains on Wednesday, following a two-day rally of 9.75% so far this week.
US spot ETFs recorded an inflow of $936.43 million on Tuesday, the highest since January 17.
CME futures exposure has climbed to 140,000 BTC, with premiums exceeding 9% for the first time since January 22.
Bitcoin price (BTC) is extending its gains, trading above $94,000 at the time of writing on Wednesday, following a two-day rally of 9.75% so far this week. BTC rally gathers momentum as trade war fears ease, following US President Donald Trump’s downplaying of tensions with China.
Moreover, institutional demand appears to support BTC’s recent price rally, with US spot Exchange Traded Funds (ETFs) recording an inflow of $936.43 million on Tuesday. Additionally, reports indicate that BTC CME futures exposure has increased to 140,000 BTC, with premiums exceeding 9% for the first time since January 22.
#Crypto Market Rebounds#