Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021. A net of $US5.6 billion ($8.57 billion) has poured into a batch of landmark Bitcoin ETFs that began trading in the US on January 11, signaling a widening of demand for the token beyond committed digital-asset enthusiasts. An upcoming reduction in the token’s supply growth, the halving, adds to the optimistic sentiment.
Following the recent Algo Engine buy signal, BTC is up 37% in 35 days.
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