Bitcoin has once again surged past the $70,000 mark, triggering excitement across the crypto community. The rally comes amid renewed optimism in the market, driven by strong ETF inflows, cooling inflation, and growing institutional interest.
Why is Bitcoin rising?
- ETF inflows: Bitcoin ETFs in the US have seen record investment volumes this week.
- Macroeconomic factors: Lower-than-expected inflation figures have boosted risk asset sentiment.
- Halving narrative: Anticipation around the recent Bitcoin halving continues to drive investor interest.
Experts suggest that if Bitcoin holds above $70K for several days, a new bullish trend may solidify heading into June 2025.
Source: CoinTelegraph, Glassnode
