From Forbes:

Bitcoin has surged to a new all-time high of $69,170, with a market cap of $1.35 trillion. Despite a 1.89% dip in the last 24 hours, BTC remains at $65,944, driven by intense greed as per the Fear and Greed Index. Spot Bitcoin ETFs have led to this surge, with over $6.7 billion inflow.

Bitcoin ETFs saw a massive $520 million inflow, reaching $577 million within a day. BlackRock iShares topped the list with $520 million, contributing to BTC crossing $63,000 before the halving. Other ETFs like Fidelity and Ark 21Shares also saw significant inflows, leading to a bullish sentiment and a probable bull run.

After hitting an all-time high, Bitcoin saw over $142 million liquidated, signaling profit-taking and a slight drop to $66,077. This trend extended to the entire crypto market, with meme coins like WIF, BONK, and FLOKI experiencing sizable declines. As of now, BTC is trading at $66,178, showing a 4.61% decrease.

Bitcoin’s surge to $69,000 prompts speculation on whether it signals a bull run or a trap. Investors must exercise caution amidst mixed views on the market’s direction, especially with memories of previous sharp declines. The recent excitement over Bitcoin ETFs adds to the uncertainty, urging investors to tread carefully and be prepared for high volatility.



Read more at Forbes: Bitcoin Hits All-Time High Of $69K – Forbes Advisor INDIA