Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Bitcoin has remained relatively resilient despite volatility across risk assets, supported by a recovery in spot buying, improving stock-market sentiment and short covering, according to a CoinShares analysis.
As market attention shifted from the AI narrative to corporate earnings, BTC showed relatively strong resilience despite weak results from some companies, CoinShares said. CoinShares added inflation pressures have persisted, with both the Consumer Price Index and Producer Price Index coming in above expectations, while the market sees an 83% chance of another Federal Reserve rate hike in December. Improving spot demand is supporting the downside, but inflation pressure and rate-hike concerns are also limiting further gains, CoinShares said.