Bitcoin holds $63,000 as US spot ETFs post more than $500 million in inflows

Bitcoin has gained nearly 5% alongside a rally across the crypto market in the past 24 hours following indications of interest rate cut from Fed Chair Jerome Powell's keynote on Friday morning. Bitcoin trades above $60,000 on Friday, gaining more than 4% this week so far, but fluctuating within a range between $57,000 and $62,000 for the last 15 days. On-chain data shows contradicting signs, with institutions accumulating Bitcoin while some whales are selling. Additionally, the US spot Bitcoin ETFs recorded inflows this week, and continued Mt.Gox fund movements could bring volatility in Bitcoin's price in the coming days. In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets - an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.