Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.
Bitcoin (BTC) is down roughly 8% for the week, but a positive sign is that the bulls aggressively purchased the weekly lows. After the recovery, analysts remain divided on the next directional move. Some expect the correction to deepen, while others anticipate the uptrend to resume.
Bitcoin’s rebound on Dec. 20 failed to attract investors to the United States spot Bitcoin exchange-traded funds. Farside Investors data shows outflows of $617.9 million on Dec. 19 and $277 million on Dec. 20 from the ETFs, suggesting profit booking by traders.
Crypto market data daily view. Source: Coin360
