$BTC Bitcoin soared past the $70,000 mark today, driven by record-breaking inflows into spot Bitcoin ETFs in the United States. Analysts attribute the surge to increasing institutional demand and the recent approval of several crypto-friendly policies by U.S. regulators.
According to Bloomberg, over $3.2 billion was added to Bitcoin ETFs this week alone — the highest weekly inflow since their launch. The move has reignited optimism in the market, with Ethereum and other altcoins also posting significant gains.
Experts predict this rally could extend further, especially if the U.S. Federal Reserve signals a rate cut in the coming months.
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BTC
89,224.99
+1.07%