The price of Bitcoin is still continuing its march and is getting closer to its peak recorded earlier near the level of $74 thousand, where there is not much left to it and it is only about 3% away from it.
At the time of publishing this article, Bitcoin is trading at approximately $70,770 with a total market cap of $1.4 trillion.
The positivity in Bitcoin stems from several main factors, perhaps the most important of which is the increase in financial flows towards Bitcoin ETFs in the United States of America.
As the GBTC fund from “Grayscale” witnessed positive inflows, which was previously always characterized by negativity and money leaving it.
While Fidelity's FBTC took the lead again, achieving more than $220 million.
BlackRock's IBIT fund followed suit with $155.4 million.
These positive numbers were probably the main source that led to another rise in Bitcoin underlying prices.
Bitcoin fell to around $69,000 on June 4 but started gaining momentum again yesterday and rose to a 15-day peak of $71,767 (on the Bitstamp trading platform).
As such, Bitcoin is only less than 3% away from its all-time high recorded last March 14 ($73,737).
Despite losing nearly a thousand dollars since then, the cryptocurrency community believes that it is only a matter of time before Bitcoin's price reaches a new peak.
As for alternative digital currencies, they are moving at approximately the same pace as the main currency, Bitcoin, especially alternative digital currencies with a larger market value, such as Ethereum, BNB, and SOL
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