Today in Markets

BTC Bulls Accumulate

What's to credit for this recent BTC bump?
David C David C Feb 8, 20241 min read
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. 

Citizen only

Upgrade to continue reading

  • Support the Bankless Movement
  • Premium Feed: Ad Free & Bonus Content
  • Daily Market Analysis & Research
  • Airdrop Hunter: Guided, Vetted Projects
  • Claimables: Find & Claim Airdrops + more
  • Private Discord w/ David & Ryan
Explore all the benefits

In this article

Bitcoin Bitcoin

David C

Written by David C

61 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

No Responses
Get the Full
Bankless Experience

Get exclusive access to this content, token insights, and airdrop insider access!

Early Access to Products

Bankless Toolkit

Premium Podcast Feed

Bankless Badge


Private Discord w/ David & Ryan

Exclusive Articles & Podcast

Early Access to Products

PLUS $1,574+ of value in Citizen Deals! Your citizenship awaits!

Become a Citizen

Already a citizen? Log In