Finance

Bitcoin (BTC) Price Stall at $52K May Foreshadow Pullback, But It’s a Potential Buying Opportunity

The largest crypto by market cap rallied 10% in a week, outperforming the broad-market CoinDesk20 Index’s (CD20) 8% advance, extending its relentless rise from $38,500 in late January. The surge was coupled with accelerating inflows into U.S. spot bitcoin exchange-traded funds (ETF), with BlackRock’s IBIT raking in over 28,000 bitcoin this week.

Source link: https://www.coindesk.com/markets/2024/02/16/bitcoins-stall-at-52k-may-foreshadow-imminent-pullback-before-higher-prices-swissblock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines by Krisztian Sandor at www.coindesk.com