Bitcoin on July 12 – 5 days and $900 million, BTC ETFs wake up

Bernstein remains bullish on Bitcoin, but analysts also see a bright future for miners thanks to hybrid data centers combining Bitcoin and artificial intelligence.

BTC mining has a bright future, but the BTC price is the worst post-halving performance in its history. Will the king of crypto soon catch up? Here is the Bitcoin newsletter!

Bitcoin price falls slightly in 24 hours

Yesterday, buyers tried to push the price back above $60,000, but sellers showed up and the price of Bitcoin fell below $57,000. BTC shows a drop of 1.5% in 24 hours:

Despite this fall, BTC is up almost 5% in one week. We will have to push a lot more to be able to be in the green again over three months. At the same time, the BTC/ETH pair fell 2% in one week and 11% in three months. BTC has clearly performed less well than Ethereum in recent months.

$900 million in inflows to spot Bitcoin ETFs in 5 days

Spot Bitcoin ETFs are scrutinized by market operators because they allow institutional players to easily invest in Bitcoin. We are talking about billions of dollars that could be poured into the cryptocurrency market.

And after a period of red during the month of June, ETFs are regaining color:

Over the last 5 days, nearly 900 million dollars have been captured by these new investment vehicles. And since the end of June, there have been more than $1 billion in inflows. What if the return below 60,000 $ had generated interest from investors? Despite everything, the capital arriving in ETFs is still much lower than the hundreds of millions of dollars that landed daily at the start of the year.