Bitcoin ETF options approval boosts institutional inflows and market liquidity.
Bitcoin dominance surges, setting stage for Layer 1 coin recovery.
This week marked a significant development in the cryptocurrency market, as Bitcoin (BTC) rallied by 10.48%, reaching a weekly high of $69,000. With BTC now within striking distance of the crucial $70,000 psychological level, market participants are optimistic about its near-term trajectory, particularly as no major macroeconomic data is expected to act as headwinds next week.
A major catalyst for Bitcoin’s upward momentum was the U.S. Securities and Exchange Commission’s (SEC) approval of Bitcoin ETF options to be listed on the New York Stock Exchange (NYSE). This decision is expected to boost liquidity for the ETF, attracting more sustainable inflows. Throughout the week, BTC ETFs saw impressive inflows, closing Friday with $203.3 million in assets and marking a six-day winning streak. Institutional demand remains robust,
We współpracy z: https://thenewscrypto.com/bitcoin-dominance-climbs-to-58-as-etf-inflows-continue/
