💥💥💥 #bitcoin☀️ Breaks Past the $60K Threshold, Jumps 26% in 3 Days
Bitcoin surged to an intraday high of $62,729 as the broader crypto market experienced a strong recovery. This rebound followed a significant drop over the weekend and a shaky start to the week, during which $BTC hit a low of $49,577 on Monday, its lowest level since February 2024. However, just three days later, Bitcoin rallied by 26%, reaching the $62,729 mark before settling at $61,611 by 8 p.m. EDT on August 8. Over the past 24 hours, BTC has gained 11.2% against the U.S. dollar.
Ethereum ($ETH ) also saw impressive gains, climbing 13.5% in the same period to hit $2,723 before cooling down to $2,668 by the evening. Other major cryptocurrencies followed suit, with $BNB rising by 7.99%, toncoin (TON) increasing by 13.6%, solana (SOL) up by 11.2%, and #Dogecoin (DOGE) gaining 11%.
In the midst of this trading activity, the U.S. spot bitcoin exchange-traded fund GBTC experienced a notable $182.94 million outflow, as reported by sosovalue.xyz. On the other hand, Wisdomtree’s BTCW fund, which typically sees lower net inflows compared to its competitors, managed to attract $118.52 million.
For Ethereum, Grayscale’s Ethereum Trust (ETHE) faced outflows totaling $19.83 million on Thursday, although the Grayscale Mini Ethereum Trust (ETH) saw an inflow of $5.02 million. Data from other funds remains incomplete, leaving the overall net inflow or outflow for the group uncertain.
Source - binance.com
