Bitcoin (BTC) extends its gains on Tuesday, trading above $67,000 after a 5% rally on Monday, driven by robust demand reflected in over $555 million in inflows into US Bitcoin Spot Exchange Traded Funds (ETFs), as well as a Tuesday report from crypto asset trading firm QCP that underscores growing optimism for BTC.
Bitcoin price today: $67,000 US Bitcoin Spot ETFs recorded $555.90 million in inflows on Monday, the highest single-day figure since June 4. Ki Young Ju, founder and CEO of CryptoQuant, explains that Bitcoin ’s apparent demand is increasing, suggesting a bullish outlook. QCP’s report on Tuesday highlights some signs of optimism for Bitcoin .
As of Tuesday, it is extending its gains to trade above $67,000. If BTC successfully closes above the $66,000 level, it could continue its ongoing rally to retest its July 29 high of $70,079. The Moving Average Convergence Divergence indicator further supports Bitcoin’s rise, signaling a bullish crossover on the daily chart. The MACD line moved above the signal line , giving a buy signal on Monday.
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