The iShares Bitcoin Trust ETF (IBIT) flattened out the day after Christmas. The IBIT is now down 0.47% over the last 5 days and off 6.77% in the year-to-date.
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According to IBIT’s technical analysis, it has a Strong Sell consensus based on 14 Bearish, 6 Neutral and 2 Bullish ratings.
Based on the activity of 833,691 investors, the IBIT has a below-sector-average negative investor sentiment. Overall, 1.8% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT was flat at $49.43. The Bitcoin price was also largely unchanged at $87,179.98.
While other assets such as gold and silver raced higher today, Bitcoin was largely left out of the Santa rally. That’s down to continued concerns over the AI stocks bubble and the future direction of U.S. interest rates.
Or perhaps there is still more demand for chocolate coins rather than Bitcoins as the year comes to a close.
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