Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit

Bitcoin (BTC) has held firmly above the $26,000 level this week despite sharp sell-offs in equity markets and the surging U.S. dollar – a victory of sorts given the bearish signals those other moves could’ve portended. The largest crypto asset by market capitalization changed hands Friday afternoon at around $26,500, slightly up 0.3% since the start of the week. IntoTheBlock said in a report that the steady price action was “remarkable” in light of the stock market taking a hit. The number of long-term holders – HODLers in crypto slang – are near an all-time high, IntoTheBlock said, which could be a sign that they are refusing to sell before a potential approval.

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