'The problem is that the Fed is looking in the rearview mirror,' MarketVector's mleinweber2 says. 'If you look at the forward-looking indicators ... you already see that we are in a deflationary environment,' he adds. Watch more markets analysis:
A new research report from Morgan Stanley says expectations of increased U.S. dollar liquidity to support the banking sector following a string of forced closures have helped BTC rally.
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