Prominent analyst reveals key level Bitcoin needs to hold to reach new historic peak
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Bitcoin reached the latest all-time high on March 14 at $73,750. Currently, BTC is changing hands at $72,310 – that is, just 1.93% below the ATH level. Among the reasons for the recent price surge, analysts have named record-breaking Bitcoin ETF inflows and monetary loosening measures in the U.S. and other major economies.
@spotonchain analytics account on X has spread the word about astounding inflows into spot Bitcoin ETFs on Oct. 30. The largest ones went intoin a single day. This is one of the biggest inflows for this fund since it was launched in January this year.Similar to yesterday's inflow, this marks one of the largest inflows since launch, with BlackRock setting a new record for the highest inflow ever.Thus, IBIT has set a new record for the highest single-day inflow in its existence.
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