Bitcoin

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surges-as-market-shows-signs-of-recovery-and-etf-inflows-increase" rel="noopener noreferrer nofollow">Bitcoin Surges as Market Shows Signs of Recovery and ETF Inflows Increase</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-analyst-signals-potential-price-peak-in-market-cycle" rel="noopener noreferrer nofollow">Bitcoin</a> is approaching a significant value of $70,800 and could see further growth, with staying above $69,000 being vital for investors. Recent data suggests the <a href="https://en.bitcoinhaber.net/deciphering-the-cryptocurrency-conundrum-entry-barriers-and-market-dynamics" rel="noopener noreferrer nofollow">cryptocurrency</a> market might be overcoming its recent downturn, hinting at a potentially positive outlook for digital currencies.</p>
<h2 id="etf-influence-on-bitcoin-s-market-performance">ETF Influence on Bitcoin’s Market Performance</h2>
<p style="text-align: justify">Investor enthusiasm for the Spot Bitcoin ETF has been a key factor affecting Bitcoin’s spot prices for some time. A strong desire for the ETF has historically led investors to embrace more risk. Last week showed a reversal of the selling trend seen in the previous five days, indicated by Genesis sales and a market decline. The new week began with a positive net influx, signaling a market rebound, particularly with altcoins showing double-digit gains. Significant ETF activity was observed on March 26, when GBTC experienced a $212 million net outflow.</p>
<p style="text-align: justify">Conversely, Fidelity reported a near-record $279 million in inflows, contributing to a total ETF net inflow surpassing $225 million. This positive trend occurred before BlackRock’s IBIT ETF reported its numbers, with expectations high for comparable success.</p>
<h2 id="positive-indicators-for-bitcoin-s-value-increase">Positive Indicators for Bitcoin’s Value Increase</h2>
<p style="text-align: justify">After a sustained period of outflows, Bitcoin saw a renewed net inflow setting the stage for a potential increase in value. A half-billion-dollar net inflow target could further bolster this positive momentum, as seen from past correlations between substantial inflows and price surges.</p>
<p style="text-align: justify">With the possibility of Bitcoin aiming for $73,777 in the near future, particularly if IBIT secures strong inflows, the market appears optimistic. The rapid accumulation of a total net inflow of approximately $11.5 billion within 70-80 days is noteworthy, especially when considering the exchange supply of around $140 billion, raising discussions about a potential supply shortage by year-end.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surges-as-market-shows-signs-of-recovery-and-etf-inflows-increase" rel="noopener noreferrer nofollow">Bitcoin Surges as Market Shows Signs of Recovery and ETF Inflows Increase</a></h5>

Bitcoin Surges as Market Shows Signs of Recovery and ETF Inflows Increase

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