Binance CEO highlights sustained investor interest in Bitcoin despite recent price fluctuations.

From Investing.com: 2024-07-09 10:00:22

Binance CEO Richard Teng highlights sustained investor interest in Bitcoin despite recent price fluctuations. U.S.-listed Bitcoin ETFs received over $14.7 billion in net inflows over the past six months. Recent data from Bloomberg shows investors see price decline as buying opportunity, with $438 million inflows in U.S. Bitcoin ETFs in past two days.

Bitcoin’s price fell by 25% since June due to Mt. Gox concerns and German government sales but increased by 3% to $57,600 on Tuesday. Despite remaining below record high, steady ETF inflows and recent price recovery point to positive long-term outlook. Industry leaders emphasize focus on long-term fundamentals over short-term price fluctuations.

Read more at Investing.com: Binance CEO Delivers Key Bitcoin ETF Fact By U.Today