Following last week’s surge that pushed Bitcoin beyond the 30,000 level, digital currencies are undergoing a modest pullback. Bitcoin remains the reference coin and is trading at its highest point since mid-April, despite a 1.5% drop today. Other major currencies in the sector, such as Cardano, Solana, Avalanche, and Polygon, are also in the red. Analysts point to the recent ETF filing activity from large firms, including BlackRock, Fidelity, Invesco, and WisdomTree, as a catalyst behind renewed institutional curiosity. Experts from XTB explain that when market depth is thin, even small buy orders can cause sharp price moves. (Source: XTB)
