Bitcoin’s spot market value leaped over the $ 49K threshold on Monday, breaking free from its initial trading confines of the day. The leading digital currency by market cap swiftly reached $ 50,000, marking a 3.7% increase over the past day and a notable 15.6% rise throughout the week. Bitcoin Breaks $ …
Bitcoin Technical Analysis: BTC Bulls Retreat From Near $49K Peak
Record $2.3B in Bitcoin ETF Trades as BTC Rockets to $49K, Then Plummets Below $46K
At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $ 2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling below the $ 46,000 mark following …