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Bitcoin Targets $70k as ETF Inflows, Open Interest Jumps
Bitcoin price held steady and moved above the key resistance level of $66,000 as investors continued buying the dip. The BTC/USD pair jumped to 66,900, its highest level in over a month. It has jumped by nearly 15% from the lowest level this year. Bitcoin Price Jumps Amid ETF Accumulation The BTC/USD pair has moved sideways in the past few days, helped by the ongoing accumulation by American investors. Data shows that spot Bitcoin ETFs have had close to $1 billion in assets in the last five consecutive days. These funds have now added over $500 million this month, a sign that demand among investors is rising. This is ... (full story)
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