Bitcoin seems to be pausing for a moment as October comes to an end, hovering around $72,500 during the late European morning, showing a slight increase of about 0.3% in the last 24 hours. The broader digital asset market has experienced a decrease of nearly 0.9%, as indicated by the CoinDesk 20 Index, with ETH and SOL seeing declines of 1.15% and 0.3%, respectively.
Bitcoin has seen a rise of over 6% in the past week, suggesting that the current muted price action may be due to profit-taking activities. Despite this, spot bitcoin ETFs saw $893 million in inflows on Wednesday, marking a second consecutive day of over $850 million in inflows. The impressive performance was largely driven by BlackRock’s IBIT, which added $872 million.
