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BTC/USD: Loses Momentum as Altcoins Jump
The BTC/USD pair pulled back for the fourth consecutive day as the recent bull run stalled and as investors rotated back to altcoins. Bitcoin price retreated to a low of $116,700, down from the all-time high of $123,200. Bitcoin dropped even as demand remained significantly high. Data shows that spot Bitcoin ETFs added over $2.3 billion in assets last week, a trend that has continued this week. BlackRock’s IBIT has continued to lead the Bitcoin ETF inflows as it added over $56 billion in inflows since its inception. The BTC/USD pair also slipped even as top altcoins continued their strong surge. Ethereum, which ... (full story)
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