ANDIKA BULLETin 13 FEB 2024
US stocks finished mixed in choppy post-Superbowl thinned trade ahead of the January CPI report due tomorrow
It was really a bit of a nothing burger session overnight. The only significant news was Bitcoin trading above USD$50,000 - a price it hadn't seen since late 2021!
The Key word we all need to learn is Inflows.
It's the Inflows of new money coming into the major US Bitcoin ETF's that are behind Bitcoin's continued run up.
While money coming in is greater than money coming out, I suspect Bitcoin's price will continue to climb the wall of worry higher.
And not much more to say so I'll leave it there for today.
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