$BTC
Current Price: $120,850
24H Change: +2.9%
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šØ Whatās Happening:
Bitcoin is making headlines again ā the leading cryptocurrency has surged past $120,000, fueled by rising inflows into spot Bitcoin ETFs and increased institutional buying.
Analysts say the recent spike is also being driven by macro uncertainty, with investors treating Bitcoin as a hedge against inflation and global market volatility.
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š¼ Key Drivers:
š ETF Inflows: BlackRock and Fidelityās Bitcoin ETFs recorded a combined $420 million in net inflows this week.
š¦ Central Bank Signals: With dovish comments from Fed officials, rate cuts are back on the table ā boosting interest in non-yielding assets like BTC.
š Geopolitical Tension: Ongoing unrest in global markets is pushing investors toward Bitcoin as a safe-haven asset.
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š Market Sentiment:
The Fear & Greed Index has ticked up to 76 (Greed), reflecting renewed optimism among traders. Bulls are targeting the next major resistance around $125K.
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š Bottom Line:
Bitcoin is reasserting itself as a dominant financial asset amid shifting economic tides. As institutional interest continues to grow, this rally could just be getting started.
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