Mostly thanks to boosted demand from the spot ETFs, bitcoin by mid-March had risen nearly 70% for 2024 to a new record above $73,000. The rally has stalled since, with the price now more than 15% below that all-time high. The reasons for the pullback are up for debate, but for the last month, sellers have overwhelmed a modestly slowed but still quick pace of buying by the ETFs.
Source: https://www.coindesk.com/markets/2024/04/16/exploding-gold-sales-at-pawnshops-offers-lesson-for-bitcoin-bulls/?utm_medium=referral&utm_source=rss&utm_campaign=headlines