$BTC price was stuck in a tight range on Saturday, July 5, as the recent recovery faded during the US Independence Day Weekend.
Bitcoin (BTC) was trading at $108,000, lower than this week’s high of $110,000, and 10% above the lowest point this month.
Spot Bitcoin ETFs continued their strong performance this week, with their cumulative inflows soaring by $769 million. That’s down from $2.2 billion the previous week. The weekly decline is partially due to the fact that this week had four U.S. trading days, in observance of Independence Day — a federal holiday in the United States.
These ETFs have experienced cumulative inflows of $49 billion, indicating that they may surpass the $50 billion mark next week.
