LIVE$CRYPTO NEWS TODAY:
Despite its notorious volatility, $BTC stands firm at $52,000, showcasing resilience. Over the past week, it surged by an impressive 21.2%, propelled by the influence of spot Bitcoin ETFs.
However, a noteworthy element adds complexity to this narrative – professional investors in derivatives markets exercise caution. Remarkably, spot $BTC ETFs experienced a remarkable $2.4 billion net inflow within a mere 7 days.
This surge finds support in data signaling a potential slowdown in the US economy, despite concerns about inflation.
In January, US retail sales saw a decline of 0.8%, while both Japan and the UK grappled with entering a technical recessio#n.
Exciting times ahead for crypto enthusiasts! Keep a close watch on Bitcoin's journey to the moon!
