Bitcoin has surged above $68,000, extending its weekly gain to more than 8%. The leading cryptocurrency has experienced a nearly 4% increase in the last 24 hours, outperforming the broader digital asset market, which has risen by approximately 1.4% as indicated by the CoinDesk 20 Index.
During the U.S. morning on Tuesday, Bitcoin flirted with the $68,000 mark before briefly dropping to $64,800 just an hour later. This volatile movement showcases the ongoing excitement and unpredictability in the crypto market.
Notably, spot Bitcoin ETFs have seen significant inflows, with $371 million pouring in on Tuesday alone. This marks the third consecutive day of inflows exceeding $250 million, a trend not seen since July 16, according to data from SoSoValue.
Overall, Bitcoin’s price movements and growing investor interest indicate a positive sentiment towards the cryptocurrency, setting the stage for potential further gains in the near future.
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