Bitcoin made another attempt to establish a foothold above $68,000 early in the European morning before pulling back and trading around $67,800. The leading cryptocurrency has gained about 1.35% in the last 24 hours, outperforming the broader digital asset market, as measured by the CoinDesk 20 Index, which is just under 0.8% higher.
According to CoinDesk Indices, Bitcoin has also risen nearly 9% this week amidst strong uptake for spot BTC ETFs. The U.S.-listed funds have seen inflows of $1.86 billion since Monday, marking their highest tally since the second week of March, according to data compiled by SoSoValue.
Overall, Bitcoin’s price action remains bullish, with the cryptocurrency showing resilience and potential for further upside movement. Traders and investors are closely monitoring key resistance levels, with $68,000 being a crucial level to watch in the short term.
