Crypto Daily – The ($BTC) price is continuing to head skywards, stopping just short of $82,000 in recent trading. With a potential target of $100,000 by the end of the year, will the bulls be able to maintain this current momentum, or is a retracement about due?
Bitcoin bulls not running out of steam yet
Bitcoin’s price surge does not appear to be losing steam. At least not yet. From the lowest, to the highest point last week, $BTC rallied a massive 22%, or $14,650. As far as price spikes go, in U.S. dollar terms, this was simply a gigantic weekly candle, which has no equal in the whole of this bull market up to now.
U.S. Bitcoin ETFs rake in $2 billion in $BTC in only two days
During this explosive move, the U.S. Spot Bitcoin ETFs certainly provided plenty of propulsion, as they took in $2 billion worth of $BTC in just two successive days. On top of this, Blackrock’s IBIT Spot Bitcoin ETF has just surpassed its Gold ETF (NYSE:), with a $33.2 inflow, meaning…
Read More
