Bitcoin Breaks $80k: Caution Still Warranted
Bitcoin’s move back above US$80,000 is the most consequential development of the past two weeks, but advisors should resist the urge to extrapolate. The break matters because the level had repeatedly capped price action since late January and coincides with aggregate spot-ETF entry prices and broader institutional cost bases, according to CoinShares’ Research.
Source: https://etfdb.com/coinshares-crypto-etf-hub/coinshares-channel/bitcoin-surfaces-80k-caution-warranted/
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