“Bitcoin rose above its 50-day moving average late Wednesday, confirming the bullish medium-term trend and easing fears of a deeper correction,” said Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “On a weekly basis, bitcoin and the broader crypto market have gained strength after a long period of consolidation and are now poised to make new highs.”

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• Source: https://www.coindesk.com/markets/2024/02/09/bitcoin-crosses-46k-as-year-of-long-begins-easing-etf-selloff/?utm_medium=referral&utm_source=rss&utm_campaign=headlines