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Bitcoin back above $45k, eyes yearly high after ETF liquidity boost
Bitcoin (BTC) is back on the move higher in trading on Thursday as the post-ETF launch pullback that began on Jan. 11 has all but been erased, with bulls now looking to take out the yearly high above $48,000. chart A Wednesday report from JPMorgan said there is evidence that BlackRock’s IBIT and Fidelity’s FBTC Bitcoin ETFs have already overtaken Grayscale in terms of two key liquidity metrics linked to market breadth, and warned the crypto-focused asset manager needs to lower its fees to remain competitive. The analysts highlighted the bank’s proxy for market breadth based on the Hui-Heubel ratio, saying the ... (full story)