Bitcoin Surges Above $70,000 Despite ETF Outflows, Market Remains Bullish
Bitcoin has soared past $70,000, unaffected by recent outflows from U.S. exchange-traded funds (ETFs). The cryptocurrency climbed 7.1% to a week-high of $70,816, with other digital assets like Ether, Solana, and Dogecoin also registering significant gains. Despite nearly $900 million exiting ETFs, including those from Grayscale, BlackRock, and Fidelity, the market exhibits strong buying interest. This bullish sentiment continues to fuel the rally, even as ETF demand fluctuates and related stocks like MicroStrategy and Coinbase see notable increases.
