Bitcoin has experienced a remarkable surge in its price over the last 24 hours, solidifying its dominance in the cryptocurrency market. The leading cryptocurrency has seen a 5.44% increase, bringing its current trading price to $60,542. Throughout the day, $BTC price fluctuated within the range of $56,937.40 to $62,490.

Earlier today, Bitcoin came close to reaching the $63,000 mark, driven by a rally following a death cross event. Analysts suggest that for Bitcoin to continue its upward trajectory, it must maintain a position above $62,000. This level is seen as a critical threshold for sustaining further gains.

In addition to the price movement, the total daily net inflows for Bitcoin ETFs have surged, reaching $192.56 million as of August 8, according to data from Soso Value. This significant inflow highlights growing investor confidence in Bitcoin's potential for continued growth.

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