Principally because of boosted demand from the spot ETFs, bitcoin by mid-March had risen practically 70% for 2024 to a brand new file above $73,000. The rally has stalled since, with the value now greater than 15% beneath that all-time excessive. The explanations for the pullback are up for debate, however for the final month, sellers have overwhelmed a modestly slowed however nonetheless fast tempo of shopping for by the ETFs.
