đ€ïž Cryptocurrency ETFs have strong inflows this week, and the market is generally optimistic about risky assets?
This week's cryptocurrency market is so exciting! Bitcoin has been soaring, rising by more than 10% in the past six days, and the highest price is approaching the $69,000 mark, which makes us look forward to breaking through the psychological barrier of $70,000 next week.
In addition, there seems to be no major macro data next week that can hinder or block this wave of gains. Therefore, some people believe that the cryptocurrency market may continue to improve next week.
The inflow of funds into Bitcoin ETFs is also super strong. On Friday, nearly $274 million flowed in, and it has achieved six consecutive net inflows. This shows that institutional bosses are still very interested in Bitcoin.
At the same time, this morning the SEC also approved the listing of Bitcoin ETF options on the New York Stock Exchange. There is reason to believe that this will provide the required liquidity for ETFs and continue to attract more capital inflows.
On the other hand, Bitcoin's market share has also reached a high of 58.91%, and is trying to approach the key pressure level of 60%. In this wave of rising trends, the strong performance of Bitcoin may still drive other related tokens on the L1 ecosystem to usher in a wave of increases.
Analysts believe that the US stock market is not far from its historical highs, the Japanese yen is also weakening, and the inflation rate has dropped from 3.0% to 2.5%. But as the US election approaches, everyone is willing to take risks and invest, which may drive the prices of risky assets to continue to rise, which coincides with the historical law of "general rise in October"!
đŹ Finally, what do you think of Bitcoin's market performance this week? What do you think of the market trend in the future? Come to the comment area to talk about your views!
