Bitcoin Hits $61K After Weeks of Instability – What Does It Mean for Crypto ICOs

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Bitcoin Surfaced Back to $61k – Is a Potential Rally on the Horizon?

Bitcoin is finally up as it hit $61,000 on Tuesday after weeks of sluggish price movement. Thanks to recent inflows valued at more than $61m into Bitcoin spot ETFs, the highest since August 8th!

With a 200-day moving average mark drawing near, for $BTC to cross the $61k mark is essential. It could trigger a further boost in price if surpassed.

The mood in the financial markets is becoming more positive. That’s because there is a possibility that borrowing money will become cheaper.

It will probably spark an increased investment in $BTC. Businesses and potential investors will more easily get their hands on funds.

That’s why many view a favorable future for $BTC, where gains are more likely to occur.

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