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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.
Next Wave of US ETF Bulls Coming From Abroad as Global Funds Lag - It isn't just China investors, but Europe and Canada locals are also rushing to buy US-focused ETFs as flow % way higher than aum % for most regions.. awesome note today from @psarofagis & @RebeccaSin_SK pic.twitter.com/fsP1tfGTBI
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