๐ŸŽ‰Hey BTC enthusiasts! ๐ŸŽ‰ Spot Bitcoin ETFs started this week on a low note, ending their longest inflow streak on Monday. But don't fret! The tide turned again, possibly due to the encouraging US CPI numbers released yesterday. ๐Ÿ“ˆ

Last Friday, CryptoPotato reported that these financial vehicles had their 19th consecutive day of positive flows, a record since their inception in mid-January 2024. But Monday and Tuesday saw outflows of $64.9 million and $200.4 million respectively. ๐Ÿ˜ฎ

This shift might be due to uncertainties in the US and significant economic developments like the CPI and the recent FOMC meeting. But once the Consumer and Price Index data for May came out, slightly better than expected, the trend flipped again. ๐Ÿ”„

BTC's price shot up by a whopping two grand, touching $70,000! ๐Ÿ’ฐ Investors returned to the spot Bitcoin ETF scene, pouring in $100.8 million. The FOMC meeting went as expected, with the US central bank deciding not to change interest rates this cycle, unlike the ECB.

However, Bitcoin's price reacted with a sudden drop, driving it down by three grand. Currently, BTC stands at just over $67,500. This increased volatility has resulted in more than $200 million in liquidations over the past 24 hours. ๐Ÿ“‰

Stay tuned for more updates on this rollercoaster ride! ๐ŸŽข๐Ÿš€