The asset has added nearly 15% in the past two weeks

The asset has added nearly 15% in the past two weeks, data shows, easing losses as the anticipated bitcoin exchange-traded funds (ETFs) turned out to be a sell-the-news event. The rise to its highest level since Jan. 12 came as the S&P500 and Nasdaq-100 indices hit all-time highs on Thursday. Several ETFs have since absorbed more than a billion dollars worth of bitcoin selling pressure in the past few weeks, indicating demand. Elsewhere, on-chain analysis firm CryptoQuant said in a Thursday note that bitcoin movements out of miner wallets – which signify selling – seemed to slow. Meanwhile, some traders said recent bitcoin price action stemmed fears of a further sell-off, citing strength in weekly movements.