Bitcoin Rallies on Aggressive Spot Demand as Market Absorbs U.S. Economic Data: Bitfinex

Following a period of speculation-driven surges, bitcoin (BTC) appears to be rallying due to spot demand. Within a short time, spot demand metrics have shifted from contraction to growth. This development comes as the crypto market digests U.S. economic data. According to the latest Bitfinex Alpha report, the ongoing bitcoin breakout reflects a widening gap between historical information about the U.S. economy and ra…