Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • đŸ”„
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Bitcoin Flirts With $70,000 After $2.4 Billion Inflow Into ETFs
Economy

Bitcoin Flirts With $70,000 After $2.4 Billion Inflow Into ETFs

Last updated: October 20, 2024 9:42 pm
Share
Bitcoin Flirts With ,000 After .4 Billion Inflow Into ETFs
SHARE

Bitcoin Approaches $70,000 Amid ETF Inflows and Regulatory Optimism

(Bloomberg) — Bitcoin saw a surge in value on Monday, nearing the $70,000 mark, fueled by a wave of inflows into exchange-traded funds for the leading digital asset and positive sentiment surrounding US regulatory developments.

Key Points:

  • Bitcoin rose 1% before stabilizing around $68,720.
  • US spot-Bitcoin ETFs attracted nearly $2.4 billion in net inflows over a six-day period.
  • Market sentiment is influenced by the upcoming US presidential election and global economic conditions.

The cryptocurrency market experienced a slight correction as smaller tokens like Ether and Solana traded within a narrow range, while Bitcoin remained relatively stable.

It is speculated that the recent influx of funds into Bitcoin ETFs is driven by expectations of more favorable US crypto regulations post the upcoming presidential election. Republican candidate Donald Trump’s support for cryptocurrencies has led to Bitcoin being considered a “Trump trade,” in contrast to the Biden administration’s stricter stance on the industry.

David Lawant, head of research at FalconX, highlighted the significance of both the elections and global macroeconomic factors in shaping market trends. He noted that the Bitcoin options market is showing increased volatility around the election day, suggesting uncertainty in the market.

Bitcoin’s recent rally, which saw a nearly 10% increase over the past week, marks its strongest performance in over a month. The record high of $73,798 reached in March was attributed to ETF demand, with Bitcoin last trading above $70,000 in June.

As the cryptocurrency market continues to evolve, investors are closely monitoring regulatory developments and macroeconomic conditions that could impact digital asset prices.

See also  Senate Advances Trump’s $9 Billion Spending Cut Bill as Vance Casts Tie-Breaking Vote

Conclusion

Bitcoin’s resilience in the face of market fluctuations and regulatory uncertainties underscores its growing acceptance as a mainstream investment vehicle. With ongoing developments in the crypto space, it will be interesting to see how Bitcoin’s value evolves in the coming weeks.

Source: Bloomberg Businessweek

TAGGED:billionBitcoinETFsFlirtsInflow
Share This Article
Twitter Email Copy Link Print
Previous Article Spanish TV Producers Target Opportunities for Expansion Spanish TV Producers Target Opportunities for Expansion
Next Article Flies with shorter eye-stalks act aggressively because females are less attracted to them Flies with shorter eye-stalks act aggressively because females are less attracted to them
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Polluters must pay, say voters

The Public Calls for Tax Hikes on Polluting Companies to Fund Public ServicesThe recent snap…

June 24, 2025

Our Legacy Spring 2026 Menswear Collection

Reflecting on 20 Years of Our Legacy As Our Legacy marks its second decade with…

June 19, 2025

Trump’s EPA is attacking its own power to fight climate change

EPA and potentially overturn it, which would have massive implications for the future of climate…

July 30, 2025

Sarah Jessica Parker Trying to Keep ‘SATC’ Alive Though Other Streamers

Sarah Jessica Parker Looking to Revive Sex and the City After HBO Cancellation Rumors are…

August 6, 2025

17 Loose and Slimming Spring Dresses That Hide Belly Bloating

Spring is here, and with the warmer weather comes the challenge of hiding belly bloat…

April 5, 2025

You Might Also Like

Adidas to Enter Safety Footwear in 2026 With New ‘Pro Work’ Line
Economy

Adidas to Enter Safety Footwear in 2026 With New ‘Pro Work’ Line

October 10, 2025
Elon Musk and former Twitter execs agree to settle 8 million lawsuit
Economy

Elon Musk and former Twitter execs agree to settle $128 million lawsuit

October 10, 2025
Should You Buy Novartis Stock Before October 28?
Economy

Should You Buy Novartis Stock Before October 28?

October 10, 2025
I’m a Financial Advisor: People Always Regret Doing These 5 Things With Their Roth IRA
Economy

I’m a Financial Advisor: People Always Regret Doing These 5 Things With Their Roth IRA

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?