Bitcoin Shrugged Off the Senate's Crypto Collapse and Rose

Bitcoin's eight-month high is riding cheaper oil, with crude down around 10%, easing inflation worries and pulling Treasury yields lower. StoneX Senior Market Analyst Fiona Cincotta breaks down what pushed Bitcoin to an eight-month high and what could move it next. The move came after the Senate failed to pass the Clarity Act and the Federal Reserve hiked rates, with the Securities and Exchange Commission and the Commodity Futures Trading Commission using existing tools to improve the regulatory backdrop. Bitcoin ETF inflows flipped the week positive, and the weekly close above the 50-week moving average cleared a ceiling in place since November. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - Bitcoin Clears Its Old Ceiling 00:41 - Regulators Move In Regardless 01:12 - Cheaper Oil Cools Inflation 01:45 - ETF Money Flips the Week Green 02:23 - Wild Cards That Move Bitcoin 02:45 - The 50 Week Ceiling Cracks Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social #Bitcoin #StoneX #FionaCincotta