How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) was back in the bad books today. It is now down 4.03% over the past 5 days and is 13.46% higher in the year-to-date.
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According to TipRanks’ technical analysis, the IBIT is now at a Neutral consensus based on 9 Bearish, 5 Neutral and 8 Bullish ratings.
Based on the activity of 827,344 investors in the recent quarter, it has scored sector-average neutral sentiment. Those investors aged between 35 and 55 have been the most active buyers.
In total, 1.9% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT was down 2.77% at $58.54. The main drag was the price of Bitcoin, which dropped 2.72% to $103,107.83.
This is despite fintech lender SoFi Technologies (SOFI) crypto trading for retail customers, nearly two years after pausing the service to obtain its national banking license. The update makes SoFi the first U.S. bank to bring crypto access back to everyday users under new federal rules, a move that could prompt other banks to follow.”>reopening crypto trading for retail customers, nearly two years after pausing the service to obtain its national banking license. The update makes SoFi the first U.S. bank to bring crypto access back to everyday users under new federal rules, a move that could prompt other banks to follow.
However, investors still nervous following the recent downturn in the Bitcoin price as well as large holders taking profits held sway today.
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