Bitcoin is soaring again! The market ignores ETF fund outflows as Bitcoin surpasses $71,000 per coin

Zhitong
2024.03.25 22:16
portai
I'm PortAI, I can summarize articles.

Bitcoin price breaks through $71,000, with an intraday increase of 7.34%. Bitcoin investors have overlooked the impact of last week's outflow of funds from Bitcoin spot ETFs. In addition, the prices of Ethereum, Solana, and Dogecoin have also risen. The recent demand for Bitcoin ETFs is the main driving force behind the rise in Bitcoin prices. However, last week's fund outflows led traders to take more hedging measures and futures market liquidation. BlackRock's entry into the asset tokenization field, as well as the Swiss National Bank lowering its benchmark interest rate and other macroeconomic indicators, also support a positive start for the cryptocurrency market