Reported 21 days ago
Bitcoin is on the verge of a major breakout, driven by record inflows into Bitcoin ETFs and increased investor interest due to the upcoming U.S. presidential election. Recent reports indicate that cryptocurrency investment products have attracted $2.2 billion in just one week, contributing to a total of $29.2 billion for the year. The rise of Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust leading the way, is capturing attention from both institutional and retail investors. Analysts are optimistic about Bitcoin's future price trajectory, especially as it recently surpassed $71,500, suggesting continued inflows could push prices to new highs.
Source: YAHOO