#Binance $BTC 3 Reasons Why Bitcoin Price Is Rising Today

Bitcoin (BTC) price broke above $70,000 for the first time in a week, breaking out of a streak of negative flows into spot BTC exchange-traded funds (ETFs) last week.

Data from Cointelegraph Markets Pro and TradingView shows BTC price rising from an open of $67,212 on March 25 to an intraday high of $70,306. At the time of publication, BTC was trading at $70,268, up 7.5% in the last 24 hours.

BTC/USD daily chart. Source: TradingView

Bitcon's recovery follows a period of price decline, during which the cryptocurrency fell as low as $60,771, supported by negative ETF inflows. Could the increase in multiple BTC price metrics be a sign of things to come?

Weekly outflow to spot Bitcoin ETFs hit $904 million

According to CoinShares' report dated March 25, investors have invested more than $942 million.