First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars

First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars


This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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Despite bitcoin (BTC) starting the week lower, the leading cryptocurrency by market value has risen more than 13% in the seven days to Feb. 12, the biggest one-week gain since October. The CoinDesk 20 Index, a measure of the biggest cryptocurrencies, added 11%. Continued inflows into the U.S.-based spot BTC exchange-traded funds (ETFs) probably overshadowed reports of bankrupt crypto lender Genesis seeking approval to liquidate its $1.6 billion bitcoin holdings. Ether

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