Bitcoin has seen a significant winning streak, buoyed by the introduction of U.S. spot Bitcoin ETFs that attracted over $9 billion in investor inflows.
Market analysts predict Bitcoin’s price could rise to $112,000 this year, driven by continued ETF inflows and historical price trends.
Bitcoin has been on a winning streak not witnessed since a year ago, marking a significant moment in cryptocurrency. The recent surge, pushing the digital asset to approximately $48,436, is buoyed by the successful debut of several U.S. exchange-traded funds (ETFs) tailored for Bitcoin.
ETFs Change the Game for Bitcoin Investors
Fidelity Investments and BlackRock Inc.’s products have emerged as the front-runners among them, breaking records for the most successful ETF launches in terms of assets amassed in their first month of introduction. The capital inflow into Bitcoin ETFs demonstrates investors’ increasing confidence in their ability to take advantage of the digital currency’s potential in
FLOW demonstrates relative dormancy followed by bearish slippage
The last time we had a look at FLOW’s performance, we observed a support retest at the $1.42…