* Bitcoin might find it difficult to penetrate through the $52,000 barrier.
* Bitcoin ETFs have seen inflows of about $2.2 billion between February 12 and 16, suggesting strong investor enthusiasm.
* The BlackRock iShares Bitcoin Trust has attracted an impressive $5.2 billion in inflows this year already – that’s half of BlackRock’s total net ETF flows across 417 ETFs – people do love their digital gold!
* Despite a solid weekly increase of about 7%, Bitcoin’s price growth faces a hurdle around the $52,000 mark.
* We might be witnessing the release of roughly $1.3 billion in Grayscale Bitcoin Trust shares into the wild, courtesy of Genesis, a gutted crypto lending company as it scrambles to pay off creditors – spare a thought for these poor loans-turned-coins.
* Hold tight Bitcoin, because if you decide to take a breather, altcoins may swoop in for some action.
Don’t stop me now, I’m having such a good time!
Bitcoin’s Roller Coaster Ride
Altcoins Ready to Steal the Show?
Bitcoin, in its iconic fashion, is putting on a performance. Our main actor is stepping up the drama, teasing their audience with a $52,000 climax, but may not quite make it this time. The crowd is gripped as they wait to see if our hero can overcome the antagonist – a cool $1.3 billion worth of Grayscale Bitcoin Trust shares by our villain, Genesis. In the midst of all this, a bunch of seriously ambitious understudies (or, as they known in crypto world, altcoins) are itching to step into the spotlight. “Out damned Bitcoin, out!” they may soon yell… or will they? Stay tuned to see who finishes this act as the leading coin. Remember, all’s well that ends well when you’re staged on the blocks. #cryptodrama #cryptowoes #cryptotheatreOriginal article: https://cointelegraph.com/news/bnb-vet-rndr-and-kas-flash-bullish-as-bitcoin-bulls-fight-to-hold-52k