RESOLVING THE LEDGER
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Bitcoin is likely to stay range-bound, said Jeff Ko, chief analyst at CoinEx, and he points to three reasons the backdrop has calmed.
Oil has retreated from last week's highs after another pause in U.S.-Iran hostilities. The 10-year Treasury yield, approaching 4.7%, is doing part of the Fed's tightening work on its own. And the Fed may want to keep its options open ahead of this week's PCE inflation and second-quarter GDP data.
The bigger swing factor is corporate. Apple, Microsoft, Meta and Amazon all report this week, and Ko said their free cash flow and AI-spending guidance could move Treasury yields and the Nasdaq, indirectly shaping the liquidity that flows into crypto.
Ko added that the composition of ETF flows will matter as much as the headline numbers.
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