Bitcoin, the flagship cryptocurrency, has once again captured headlines with a notable price surge, climbing approximately 1.5% to reach $61,700 as of June 28. This uptick comes amidst renewed investor optimism and positive developments within the cryptocurrency ecosystem, signaling potential shifts in market sentiment and investment dynamics.

Renewed Investor Interest and Inflows into Bitcoin ETFs

The recent increase in Bitcoin’s price can be attributed in part to renewed inflows into US-based Bitcoin exchange-traded funds (ETFs).&middot

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