Explaining Bitcoin’s Dull Price Action Amid Record ETF Inflows – CoinDesk

Posted: June 11, 2024 at 2:49 am


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"Currently, near the top of its range, bitcoin faces a challenge in breaking above new all-time highs. This can be attributed to the Bitcoin halving on April 20. Following this event, the minting of stablecoins notably slowed down, and wallets holding $>10m in stablecoins declined. This trend is currently impeding Bitcoin from surpassing its all-time highs," Markus Thielen, founder of 10x Research, said in a note to clients Monday.

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Explaining Bitcoin's Dull Price Action Amid Record ETF Inflows - CoinDesk

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June 11th, 2024 at 2:49 am

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