Bitcoin Holds Steady Above $49K as BOE Hikes Interest Rate; ECB Decision to Come

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“Despite bitcoin’s recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs,” mentioned Marcus Sotiriou, an analyst on the U.Okay. primarily based digital asset dealer GlobalBlock. “Also, since the $69,000 all-time-high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing a 26.2% increase in coin holdings.”