Bitcoin struggles to break $69K, consolidating around $65K after strong institutional ETF inflows of nearly $1 billion this week.
Market dominance spikes to 59.75%, impacting Ethereum as it slumps to 0.03625.
Tether faces renewed scrutiny amid “investigation” reports, causing price fluctuations.
This past week brought heightened volatility across the crypto market. Bitcoin (BTC) attempted but ultimately failed to break through its previous high of $69,500, a level last reached in July. After a swift retracement, BTC found solid support at $65,000. It revisited the level twice in the week and is now consolidating around it.
Institutional Interest in Bitcoin Remains Robust
Meanwhile, institutional interest in Bitcoin remains strong. Net inflows into Bitcoin ETFs reached $997.7 million in the week, the third straight week of positive movement. Aside from Tuesday, when Bitcoin revisited $65K, inflows were positive throughout the week.
Moreover, last week, the demand for U.S. spot Bitcoin ETFs reached a six-month high, with net inflows of approximately $4.4 billion in the past 30 days. Presently, Bitcoin ETFs have seen $22 billion in net flows sinc…
The post Bitcoin ETFs See $1B Weekly Inflow as Bitcoin Battles to Break $70K, Dominance Spikes to 59.75% appeared first on Coin Edition.
