š Bitcoin hits a 2-year high near $55,000, and institutional investors are loving it! They pumped $570 million into Bitcoin investment products in just 7 days. š¤
š° Bitcoin ETFs are outperforming gold ETFs, with $5 billion in net assets under management (AUM) since their launch. Gold ETFs? They lost $3.6 billion during the same period. Ouch! š¬
š Bitcoin's strength is likely to uplift the mood in the crypto space, benefitting select altcoins. But watch out for a potential pullback as Bitcoin approaches its all-time high. š¢
š¤ Will Bitcoin bulls maintain the breakout, or will higher levels tempt short-term traders to book profits? Let us know your thoughts in the comments! š¬