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Bitcoin Rally Loses Steam as ETF Buying Frenzy Eases

Trading momentum in Bitcoin slows amid reduced demand for Bitcoin exchange-traded funds, raising questions about near-term strength.

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Terms & Concepts
  • Bitcoin ETF: An exchange-traded fund that tracks Bitcoin's price, offering investors exposure without directly owning the cryptocurrency.
  • Momentum: A measure of the speed or strength of a price movement in financial markets, often used to gauge trend sustainability.