Bitcoin (BTC) briefly topped $35,000 Wednesday for the second time this week, as U.S. GDP increased at an annual rate of 4.9% in the third quarter. Forex.com global head of research Matt Weller shares his crypto markets analysis, breaking down the implications of bitcoin's supply and its correlation with the Nasdaq 100.
Bitcoin briefly topped $35,000 Wednesday for the second time this week, as U.S. GDP increased at an annual rate of 4.9% in the third quarter.GDP numbers just came out 4.9% annualized third quarter. Uh We're expecting much lower than that. We're a good 0.6%. Uh it uh 60 basis points higher than expected in growth. So what does this all mean joining us now to discuss is Forex dot com. Global head of research, Matt. Well, welcome back, Matt. Hey, thanks for having me.
I'm thinking of things like uh persistent discount in G BT C, the closed end fund um that is actually starting to close, which I view as a proxy for an imminent ETF approval, that discount, which was as wide as about 40 or 45% at the beginning of the year is now down to 15%.
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