Bitcoin jumped 13% in the week: approaching a two-year high - voila! Of money. Bitcoin plunged with the launch of the basket funds, and last week it corrected with an increase of almost 13% to about 48.6 thousand dollars per coin.
Other leading coins have also risen by significant percentages in the past week, Ethereum (ETH), BNB and Cardano (ADA) have risen 9.8 %, 7.8% and 10% respectively. We can only wait and see if the flow of capital into hedge funds will continue, and how this will affect the price of Bitcoin.