Bitcoin (BTC) has struggled to advance beyond $43,000 despite multiple attempts.
A Bitcoin supporter, Nayib Bukele’s re-election win in El Salvador, boosts positive sentiment in the crypto market.
Despite Bitcoin’s (BTC) attempts to breach the $43,500 resistance level, it faced challenges in extending its gains, slipping below $42,800 in recent trading sessions. At the time of writing, Bitcoin was trading at $42,701, with a slight decline of 0.57% in the last 24 hours.
In contrast, BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) experienced significant inflows, totaling $4.8 billion in January. The iShares Bitcoin Trust (IBIT) by BlackRock saw approximately $2.6 billion in net flows. Meanwhile, the Fidelity Wise Origin Bitcoin ETF (FBTC) ranked among the top ten with $2.2 billion in net flows.
Will Bitcoin Bulls Break the Stalemate?
Following a slight surge towards the end of January, Bitcoin has demonstrated steady movement throughout the week, trading within
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