Today in Markets

BTC Bulls Accumulate

What's to credit for this recent BTC bump?
David C David C Feb 8, 20241 min read
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market analysis BTC Bulls Accumulate

BTC back above $45K. Bitcoin jumped today, rising 5% to around $45,000. Hovering in the mid-40s for some time now, Bitcoin has demonstrated impressive resilience amid continued bear calls. What's to credit for this recent BTC bump?

This uptick may be owed to capital coming from outside the U.S., in China, Europe, and Canada. ETF Expert Eric Balchunas noted quite the European and Canadian appetite for U.S.-focused assets, providing the market fuel that Bitcoin could potentially be piggybacking off of. 

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