Saturday, June 15, 2024

Bitcoin (BTC) Hovers Round $70K After ETF Information Month-Excessive Inflows

by Jeremy

Bitcoin hovered across the $70,000 mark throughout the European morning, a slight drop following Tuesday’s rally to as excessive as $71,400. BTC is at present priced at $70,069, round 1.6% decrease over 24 hours. The CoinDesk 20 Index (CD20), providing a measurement of the broader digital asset market, fell about 0.5%. BlackRock’s spot bitcoin ETF (IBIT) recorded over $290 million in inflows on Tuesday, its highest one-day determine since April 5 and almost thrice the earlier excessive this month: $93 million on Might 16. As a complete, ETFs took on almost $300 million in internet inflows on Tuesday.

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