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📊 All-time high moment. As if lifted towards the heavens by inflows to spot BTC ETFs themselves, Bitcoin’s price ascended upwards by 2% on the US open to hit all-time highs on many exchanges, including Coinbase, where price reached $69,324 per coin!
While celebratory tweets cataloged the moment across Crypto Twitter, elation was short-lived, with BTC unable to hold above all-time highs for even a minute before plunging nearly 10% over the next few hours. What catalysts can push BTC back above all-time highs?
For Bitcoin, its price, just like that of any asset, is a reflection of underlying supply and demand dynamics.
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