Bitcoin price is in the middle of an intense bear and bull tug-of-war resulting in consolidation between the narrow range low at $42,000 and range high at $44,000. The price also remains relatively unchanged over 24 hours, triggering concerns about how the stalemate will end.
Trading at $42,800 during US trading hours, and with a 20% increase in volume to $18 billion, a bullish outcome is highly likely. Although not in the green, the market cap is stable at $840 billion, underlining the 51.2% Bitcoin dominance.
BTC Spot ETF Net Inflow Volume Persistently Rising
The first spot exchange-traded funds (ETFs) started trading in the US a few days after operators received approval from the Securities and Exchange Commission on January 10.
Soon after their spectacular debut, the ETFs collectively posted net outflows accentuated by withdrawal from Grayscale’s spot GBTC ETF following its conversion from a Bitcoin Trust product.
A few weeks later, tables seem to be turning, with volume and n
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