Bitcoin Rally Gains Steam as ETF Inflows Jump

From dailyforex.com

Bitcoin price continued rising this week, crossing the important resistance level at $78,000 as the bull run gained steam. The BTC/USD pair rose to 79,000 for the first time since January. It has jumped by over 31% from its lowest level this year. Bitcoin has thrived amid the ongoing ETF inflows, which are sending a signal that there is strong demand from investors. Data shows that spot Bitcoin ETFs are nearing the $2 billion mark this month. These funds, led by BlackRock’s IBIT, have added over $58 billion in assets, bringing the total assets to $100 billion. The ongoing ETF inflows mean that investors have ... (full story)