Wintermute states that while the macroeconomic backdrop is favorable, Bitcoin ($BTC) must regain its momentum for the market to experience a broad-based recovery. The overall economic conditions are seen as supportive for a potential upswing in the cryptocurrency market. However, the performance of Bitcoin is crucial in determining the extent of this recovery. Analysts suggest that without a significant increase in Bitcoin’s value, the broader market may struggle to achieve sustained growth. Investors are closely monitoring $BTC’s movements to gauge the health of the overall market.
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