Bitcoin trading volume is down 19% in the past 24H.
BTC Daily chart signals tentative bullish trend; RSI neutral at 59.
Bitcoin, the leading cryptocurrency by market capitalization, has seen recent price fluctuations, oscillating between notable highs and moderate declines. After reaching a peak above $44,500 earlier this month, BTC has settled around $42,000, experiencing a 1% decline today.
The anticipation surrounding a potential U.S. spot Bitcoin ETF launch has boosted recent market optimism. This sentiment grew stronger after BlackRock signalled acceptance of Bitcoin redemptions, instilling confidence among investors. As a result, Bitcoin briefly surged above $43,000 yesterday after almost six days but currently faces bearish pressure.
A noteworthy trend in Bitcoin wallet behaviour has emerged. The lower-tier wallets, holding 0-1 coins, have consistently accumulated assets since October, amassing around 1.42 million BTC. Conversely, mid-tier wallets have slightly reduced holding
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