Bitcoin has rallied considerably since the beginning of 2024, even surpassing its previous all-time high levels. Binance data shows that the main reason behind this growth is the emergence of exchange-traded funds, an asset class that has been widely anticipated by investors for several years and which was expected to significantly impact price action as a whole.
However, as is always the case with the crypto world, things don’t remain stagnant; they are subjected to price corrections, which are common after periods of considerable growth. [Read more…]