Over the past five days, Bitcoin (BTC), the leading cryptocurrency, has experienced a period of heightened volatility, triggering significant liquidations of leveraged positions as its price fluctuated wildly in hours.
After reaching an all-time high of $73,750 on Thursday, BTC experienced a sharp decline to $64,600 on Sunday. On Monday, at the start of the trading week, the cryptocurrency recaptured the $68,000 level. Nonetheless, it retraced over 2% shortly after, settling around the $66,800 mark.
Amidst this turbulent market activity, Binance Chief Executive Officer Richard Teng, as reported by Bloomberg, believes that Bitcoin’s record-breaking rally will persist, propelling its price beyond $80,000.
Binance CEO Bullish On Bitcoin
Teng attributes this expected surge to the increasing influx of institutional investment into the newly approved spot Bitcoin exchange-traded funds (ETFs), trading for just over two months. The introduction of Bitcoin ETFs in the United
We współpracy z: https://bitcoinist.com/bitcoin-surging-beyond-80000-driven-by-etf-inflows/
