SUI, BGB, ENA and VIRTUAL show strength while Bitcoin seeks direction
Bitcoin's recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.
The price of gold has dropped approximately 8% this week, but a positive sign is that bulls aggressively bought the weekly lows. After the recovery, analysts remain divided on the next directional move. Some expect the correction to deepen, while others anticipate that the bullish trend will resume.
Bitcoin's rally on December 20 failed to attract investors to Bitcoin exchange-traded funds in the United States. Data from Farside Investors shows outflows of $617.9 million on December 19 and $277 million on December 20 from the ETFs, suggesting profit-taking by traders.