{"id":871096,"date":"2024-10-29T07:41:39","date_gmt":"2024-10-29T02:11:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=871096"},"modified":"2024-10-29T07:46:39","modified_gmt":"2024-10-29T02:16:39","slug":"bitcoin-traders-refocus-on-70000-price-level-with-cash-flowing-into-etfs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/29\/bitcoin-traders-refocus-on-70000-price-level-with-cash-flowing-into-etfs\/","title":{"rendered":"Bitcoin traders refocus on $70,000 price level with cash flowing into ETFs"},"content":{"rendered":"<p>Bitcoin traders are targeting the $70,000 price level last reached in June once again after cryptocurrencies briefly dipped across the board late Friday and US exchange-traded funds continued to see steady inflows. <\/p>\n<p>\u201cThis is a continuation on the trends we\u2019ve recently seen established in the space,\u201d said Stephane Ouellette, co-founder and chief executive officer of FRNT Financial. \u201cWe\u2019re in the early phases of a global liquidity cycle and we would expect lower interest rates and fiscal policy liquidity to continue to act as a tailwind for Bitcoin over time.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin traders are targeting the $70,000 price level last reached in June once again after cryptocurrencies briefly dipped across the board late Friday and US exchange-traded funds continued to see steady inflows. \u201cThis is a continuation on the trends we\u2019ve recently seen established in the space,\u201d said Stephane Ouellette, co-founder and chief executive officer of FRNT Financial. \u201cWe\u2019re in the early phases of a global liquidity cycle and we would expect lower interest rates and fiscal policy liquidity to continue to act as a tailwind for Bitcoin over time.\u201d<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-871096","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/871096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=871096"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/871096\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=871096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=871096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=871096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}