Crypto Price Analysis: This weakened the cryptocurrency market is quite volatile as the market participants are witnessing waning bullish momentum in Bitcoin. The leading digit asset is struggling, and BTC experienced a major road at $52000 resistance. The newfound supply pressure is also influencing altcoin as the major cryptocurrencies are showcasing signs of reversal.
However, with the broader market still bullish, a retracement could also allow crypto buyers to recuperate strength for the higher rally.
In a recent tweet by Bloomberg analyst Eric Balchunas, it was revealed that Bitcoin exchange-traded funds (ETFs) experienced a significant Inflow of capital, netting approximately $2.3 billion in the last week. This figure surpasses the inflow of any other ETF among the 3,400 tracked, with $BITT standing out as the second-highest in the list.
The substantial gain has pushed the total net to over $5 billion, positioning Bitcoin ETFs ahead of investment giant BlackRock in terms of net
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