Bitcoin reclaims $70K mark on inflows in spot ETFs
Bitcoin is currently up 5.42% at $70,596.42; Ethereum price up 5.25%
Bitcoin is currently up 5.42% at $70,596.42; Ethereum price up 5.25%
Bitcoin prices have risen 27% year-to-date, driven by spurt in activities in the spot bitcoin exchange traded funds (ETFs), which started in the U.S. in Jan 2024.
As more and more people use it, the ecosystem will become more robust. The trust levels in the asset class will change and it will achieve stability.
The selling of Bitcoin holdings added $936 million to its balance sheet; Bitcoin is trading 2.37% down at $22,903.48