Crypto Daily – A $7,000 rally, which took the ($BTC) price to within touching distance of $100,000, was stopped in its tracks by the Bitcoin bears on Thursday. Currently back at just above $95,000, what do the last few days of 2024 hold for the king of the cryptocurrencies?
No more rally into end of year?
As we enter the last gasps of 2024 a Christmas rally has perhaps been wiped off of Santa’s Christmas to-do list once and for all. While there could potentially be one more surge from the bulls, which could take the price back to the top of the ascending channel and a new all-time high, the clock is starting to run down, and this latest reversal may have some more legs in it yet.
U.S. Spot Bitcoin ETF outflow continues
On the buy and sell side of things, the U.S. Spot Bitcoin ETFs have recorded a fourth straight trading day of net outflows. 3.57K BTC left the ETFs on Wednesday, making this an outflow total of 15.5K BTC (around $1.5 billion) for the period…
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