$BTC $ETH $BNB #crypto2023

Bitcoin (BTC) briefly surged above $28,000 during Thursday U.S. morning hours, then dropped to as low as $27,300 as traders took the opportunity to sell the rally.

The largest cryptocurrency by market capitalization was changing hands at $27,500 recently, flat over the past 24 hours, but still outperforming the wider crypto market. The CoinDesk Market Index (CMI), which features a broad basket of digital assets, was down 0.3%, while ether (ETH) slid 1.8% over the same period.

“In the near term, I expect the market to sell into this rally,” John Glover, chief investment officer of Ledn, told CoinDesk in an email. “In the absence of new capital flowing into digital assets, I believe that this is what this rally will be: short-lived.”