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📊 Volatility voyage. Crypto markets were strong on the week, with Bitcoin’s close just above $52k representing a weekly gain of 10% and a total gain of nearly 35% since the January bottom three and a half weeks ago. What events impacted prices this week?
Bitcoin rose nearly 10% to $53k this week, driven by ETF inflows, subsiding Grayscale sales, and, of course, the Lunar New Year. As a result, Bitcoin's market cap reclaimed $1T — the first time since December 2021. BTC's total value now exceeds Walmart, Tesla, and Berkshire Hathaway, ranking it among the world's top ten assets by market cap.
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