April begins with strong sales in the cryptoasset markets
After seeing net outflows of around 13,500 bitcoins from spot ETFs the previous week, last week saw a return to inflows with 12,130 bitcoins purchased through bitcoin spot ETFs.
Inflows into the ETFs coincided with a surge in price action, closing the week up 6% to $71,430.
We have now entered April and all attention will be on the mined bitcoin block reward halving, scheduled for April 20 (at the time of writing), and whether we will see new all-time highs in the price of bitcoin.
However, the month has not started well as the price has dropped by 7%, currently trading at $66,100. It is common to see some selling before the halving as miners, investors and traders prepare. The question now is whether the price could fall further from these current levels, or if we find some support and the price remains well bid.
