Bitcoin traders eye $70,000 again as funds flow into U.S. ETFs
2024-10-28 16:20:46
Odaily News Bitcoin traders are once again targeting the $70,000 mark reached in June after cryptocurrencies fell across the board late Friday, while funds steadily flowed into U.S. exchange-traded funds (ETFs). CoinShares reported that inflows into digital assets reached $910 million last week, pushing year-to-date inflows to $27 billion, almost three times the record high in 2021. Ethereum, the second-largest digital asset, saw an outflow of $35 million last week, the largest outflow of all assets, the report showed. Options traders have also been increasing their bets, predicting that no matter who wins the U.S. election, Bitcoin will reach a record high of $80,000 by the end of November. (Jinshi)
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