Global #ETF inflows

Bitcoin (BTC) experienced a significant rally on Wednesday, surpassing the crucial support range of $94.3k to $96.6k. The flagship cryptocurrency briefly retested the previous all-time high (ATH) of $101,219 to $101,998 before retracing slightly to trade around $100,780 on Thursday.

In a notable development within the cryptocurrency investment landscape, Bitcoin spot exchange-traded funds (ETFs) have experienced varied inflows recently, reflecting the broader volatility in the cryptocurrency market.

Ether (ETH), the second-largest cryptocurrency by market capitalization, is poised for a significant price surge, with analysts predicting it to reach $6,500 by the end of the year. This bullish outlook is primarily attributed to the anticipated influx of investments into spot Ethereum Exchange-Traded Funds (ETFs).

The price of Bitcoin (BTC) surged to $61,000 on Thursday, June 27th, 2024, marking a significant upswing in recent weeks. This bullish trend is attributed to two key factors: inflows into Bitcoin exchange-traded funds (ETFs) and a growing sense of confidence within the cryptocurrency market.

Investors are closely observing Bitcoin's current market dynamics, noting striking similarities to the bullish period of 2015-2017.

Bitcoin prices entered a bullish phase following a surge in inflows into spot Bitcoin ETFs and a 7% uptick in price over the last 24 hours.