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The price of Bitcoin is caught in consolidation, with a tug-of-war atmosphere in the market. On one hand, the increase in institutional investment brings about optimism, while on the other hand, concerns about potential selling by miners create pressure.
Bitcoin (BTC) price is oscillating within a range, reflecting market participants' uncertainty and indecision following the approval of spot Bitcoin ETFs last week. As of January 16, the BTC price has been hovering between $41,550 and $43,000. This consolidation has persisted despite briefly surpassing the $49,000 high point earlier in the month, only to fall back into the current range. |
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Post time 29-1-2024 04:42:15