Bitcoin $BTC has been consolidating below the $61,749 resistance, struggling to break above this important level. If it succeeds in breaking above this level,$BTC could move towards the $70,000 mark, sparking hopes of a new bull run.
Present, $BTC is trading at $60,819, up nearly 2.5% over the past 24 hours. The intraday trading range was capped at $58,893 and $61,834, respectively.
The recent price surge is consistent with significant inflows into Bitcoin ETFs, totaling $39.42 million as of August 21, according to data from Soso Value. This increased investment activity may be contributing to Bitcoin’s recent gains.
Bitcoin’s market dominance has also increased to 55.97%, representing a 0.23% increase over the past day. This shows that Bitcoin is regaining its market share amid the current bull run.
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