As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August

“Markets have leaned optimistic for most of the year, only to be served a reality check by monthly economic data prints fueling continued Fed hawkishness. However, tides are potentially slowly starting to turn, with the Fed hinting at a potential slowing of rate hikes, not an outright pivot,” Josh Olszweicz, head of research at digital asset fund manager Valkyrie Investments told CoinDesk, noting the weakness in yields and the dollar index.