Bitcoin's Resilience in the Face of ETF Withdrawals
Thursday, 21 March 2024, 06:52
Bitcoin Surges 10% Despite $742 Million in ETF Outflows
Bitcoin's price surges defy a significant ETF withdrawal trend, with resilience in market performance and optimistic long-term investment indicators suggesting the bull cycle's persistence.
Why is The Bitcoin Bull Cycle Far From Over?
Bitcoin's market performance has been remarkably resilient despite hefty outflows from ETFs, indicating its capability to withstand institutional pressures.
Market Recovery and Long-Term Outlook
Bitcoin rebounded to $68,100 after a dip, backed by a dovish stance from the Federal Reserve and analysts predicting that the bull cycle is not yet finished.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.