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Bitcoin (BTC) News Today: $60,000 in View as Spot-ETF Volumes Surge

From fxempire.com

On Monday, BTC rallied 5.35%. Following a 0.31% gain on Sunday, BTC ended the session at $54,463. BTC-spot ETF market flows from Monday fueled a BTC breakout. Grayscale Bitcoin Trust (GBTC) net outflows continued to trend lower, signaling an upswing in net inflows for the broader BTC-spot ETF market. On Monday (February 26), GBTC saw net outflows of $22.4 million, the lowest since the launch of the Nine. Available flow data for the Nine was BTC-price positive. At the time of writing, the BTC-spot ETF market saw net inflows of $403.06 million. Net inflows were up from $232.5 million on Friday (February 23). ... (full story)

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  • Category: Technical Analysis