Bitcoin is heading towards 70,000 dollars!
At the heart of a fluctuating crypto market, bitcoin demonstrates remarkable resilience. The price of the crypto asset has recently shown impressive signs of recovery. This development coincides with a notable increase in inflows into spot Bitcoin ETFs.
Bitcoin shows a strong rebound from its support at $53,500. This recovery has propelled its value by more than 24.86%. Currently, BTC is trading above $67,500, after an increase of about 0.77% over the past 24 hours. The fully diluted market capitalization of the crypto asset has also climbed to $1.29 trillion. However, current trading volumes show an unexpected downward trend.
Clearly, BTCâs price recovery indicates growing confidence among miners and investors, despite recent challenges.
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