-BTC is about ¥20,243 away from the peak it reached i
n March 2000, equivalent to ¥73,737.After a relatively calm and sluggish weekend, the #bitcoin price started moving north again at the beginning of the work week and continued to rise until it reached ¥71,767 (on Bitstamp) last night.
This came on the back of increased inflows into most US spot bitcoin ETFs, where around $55 billion dollars were invested yesterday. Even GBTC grayscale had positive inflows.
What's even more impressive about the number of dollars flowing into the largest US spot #Etf #BTC is that they are on an outflow path.
The last outflow of funds from these financial instruments was almost 1 month ago on 5-10. Since then, outflows from some ETFs have been extremely rare, for example, 5 million yen was withdrawn from Ark Invest's ARKB at a 30/100 ratio, but the overall figure is not negative.
This brings the positive streak of consecutive inflows to 16 days, matching the previous record set in May. As recently reported, 6/4 was the second highest inflow day (88,660 million), compared to yesterday's figure of 448,810 million.
Fidelity's Fidelity Stock Exchange again led the way and raised over $222,000. BlackRock's IBIT followed with 115540 million, and even Grayscale's GBTC, which saw the largest outflow of funds since the conversion, raised £1460 million.
These positive indicators were perhaps the main source that triggered another rise in the price of the underlying asset. On September 4, the BTC exchange rate fell to around 669,000, but yesterday it started to gain momentum again, reaching a 15-day peak of $ 71,767 (Bitstamp).
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