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Bitcoin Price Prepares to Soar Above ATH
Bitcoin price held steady above the important support level at $120,000, down from the year-to-date high of 126,260. BTC/USD remains about 13% above the lowest point in October this year. Bitcoin has been in a relentless bull run this year as investors continued accumulating its exchange-traded funds (ETF). Data compiled by SoSoValue shows that the cumulative net inflows into ETFs have jumped by over $2 billion this week. This increase has brought the netflow to over $62 billion, bringing the total amount held by these funds to over $164 billion. BlackRock’s IBIT is nearing the $100 billion asset level, while other ... (full story)
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