Proactive's Billy Farrington provides an insightful analysis of Bitcoin's response to this week's economic events.
Despite a slight uptick in US inflation, Bitcoin showed strong resilience and recovery, notably bouncing back from a mid-week dip to close the week in the green by 6.5%. Farrington highlights the significant role of ETF inflows in supporting Bitcoin's price and contrasts Bitcoin's market behaviour with physical gold purchases by central banks.
He also discusses FTX founder Sam Bankman-Fried's appeal against his 25-year prison sentence for fraud.