The Bitcoin price is finally seeing some profits, but it seems weak compared to other crypto assets. The macroeconomic environment is waking up, shaking things across all asset classes. Related Reading: Ethereum Stakers In Massive Loss As 80% of Staked ETH Is In The Red As of this writing, the Bitcoin price trades at $16,800 with sideways movement in the last 24 hours. In the crypto top 10, BTC is lagging behind Ethereum, Binance Coin, and Cardano. These cryptocurrencies are positively reacting to the start of 2023. Bitcoin Price Aims For Higher Levels Per a recent report from the trading desk QCP Capital, institutions are returning to action and allocating capital in Gold and other assets. The precious metal has seen a 15% rally in the past 60 days and keeps trending upwards. The trading desk believes institutions are allocating into “alternative assets” or stores of value. The Bitcoin price is yet to benefit from this trend, but the crypto market is recording some profits. In particular, the non-fungible token space. This sector is coming back to life after months of declining activity ..
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