Bitcoin ETF Flows Positive for Seventh Straight Day as Market Continues Rebound
Bitcoin ETFs experienced $442 million in inflows yesterday, marking the seventh consecutive day of positive growth and bringing total assets under management to $108 billion. This surge correlates with President Trump’s comments on reducing Chinese tariffs, contributing to an increase in Bitcoin's price, which was $95,160 as of the latest trading session. Analysts note a strengthening correlation between Bitcoin and the Nasdaq, which has risen about 5% this week, and suggest that factors such as dollar weakness and increased demand for Bitcoin as a safe-haven asset are influencing this trend. The week's total ETF inflows reached $912.7 million, with Bitcoin's performance enhancing overall sentiment towards crypto amidst ongoing trade uncertainties. Experts believe that Bitcoin may rise further if it surpasses the critical Fibonacci retracement level of $95,400, indicative of sustained bullish momentum in the market.
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