Bitcoin Breaks $75K as ETF Inflows Soar
Bitcoin surged past $75,000 today, driven by record inflows into U.S. spot Bitcoin ETFs and growing institutional demand. BlackRock and Fidelity led the ETF rally, attracting over $1.8 billion in the past week. Ethereum followed, climbing above $4,000 amid optimism over its upcoming “Purge” upgrade. Altcoins like Solana and Chainlink also saw notable gains. Analysts credit improving regulatory clarity and macroeconomic uncertainty for renewed interest in crypto as a hedge. With the SEC set to release new crypto guidelines soon, market sentiment remains bullish heading into the second half of May.
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