Bitcoin chases $75,000 as the return of aggressive spot BTC ETF inflows, billion-dollar buys from Strategy and an improvement in investors’ risk appetite propel the crypto market.
Bitcoin’s (BTC) price recovery extended into a third week, rallying to $74,509, a level not seen since Feb. 4. While markets remain reluctant to confirm whether or not Bitcoin has bottomed, the cryptocurrency is up 22.5% from its Feb. 6 low at $60,000 and data points to renewed appetite from institutional investors as a potential key player in the current bullish breakout.
Over the last week, Michael Saylor’s company, Strategy, the largest public holder of Bitcoin, purchased 22,237 BTC for $1.57 billion.
According to a report from Bloomberg,
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Source: https://cointelegraph.com/news/bitcoin-s-push-toward-75k-revives-debate-over-what-drives-capital-flows?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
