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Bitcoin Smashes $75,500 Barrier: Institutional Supply Shock Ignites New Bull Phase
Bitcoin touched a high of $75,921 on Monday, up 4.51% over the previous day and at its highest level in more than 40 days. The action rekindles discussion over whether the flagship cryptocurrency has completed its cycle bottom and started a new accumulation period led by institutional money. The move continues a rebound that has now reached 22.5% from February’s low of $60,000. chart The most obvious factor contributing to Bitcoin’s comeback is a structural change in the buyers and their level of aggressiveness. For the third week in a row, U.S. spot Bitcoin ETFs saw net inflows of $763–$767 million last ... (full story)
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