Bitcoin (BTC) exchange-traded funds (ETFs) launched in January did not have the desired impact on prices. Traders focused on the outflows from the Grayscale Bitcoin Trust (GBTC) rather than the net inflows into other ETFs. This indicates that traders were selling the news to book profits. Despite this, Bitcoin did not stay below the $40,000 level for long, suggesting that lower levels continue to attract investors. This may result in Bitcoin trading within a range for a few days. The halving in April is expected to be the next major catalyst for Bitcoin.
Analyzing Prices 2/2: Bitcoin, Ethereum, Binance Coin, Solana, Ripple, Cardano, Avalanche, Dogecoin, Polkadot, Chainlink
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