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⛓️ Crypto🟢 BullishImportance 7/10
Bitcoin tops $72,000 as ETFs pull $155 million, extending two week inflow streak
🤖AI Summary
Bitcoin surged above $72,000 as U.S. spot bitcoin ETFs recorded $155 million in inflows on Wednesday, marking a two-week streak of institutional investment. Despite the positive momentum, Glassnode cautions that underlying market demand remains fragile.
Key Takeaways
- →Bitcoin price topped $72,000 amid continued ETF inflows.
- →U.S. spot bitcoin ETFs attracted $155 million in net inflows on Wednesday.
- →ETF inflows have maintained a positive streak for two consecutive weeks.
- →Institutional interest continues to drive bitcoin investment flows.
- →Glassnode warns that underlying market demand remains fragile despite recent inflows.
Read Original →via CoinDesk
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