The cryptocurrency market is closely following the advance of Bitcoin (BTC), which surpassed the $71,000 mark, positioning itself very close to the hammer record, when it touched $74,000.

Bitcoin and its bullish values 

Most specialists assure that this new upward trend occurs from the inflow of capital into Bitcoin exchange-traded funds (ETFs). 

These instruments allow institutional and retail investors exposure to the largest capitalization cryptocurrency without owning it directly and through regulated markets.

These include funds from BlackRock, Ark Investments, 21 Shares, Fidelity, Invesco and VanEck, Grayscale, Bitwise and Hashdex, among others.

The massive inflow of money into ETFs reached $880 billion in one day, the best performance seen since March. 

Eric Balchunas of ETF Bloomberg noted that spot BTC exchange-traded funds have accumulated more than $15 billion so far this year. 

This figure rivals traditional funds such as the SPDR S&P 500 ETF Trust (SPY) and the Vanguard S&P 500 ETF (VOO).

What other cryptocurrencies rose

Bitcoin's good momentum also transferred to other cryptocurrencies

Bitcoin(-0.12%)u$s 70,907.00Ethereum(1.35%)u$s 3,863.40Solana(0.27%)u$s 173.46Ripple(-1.05%)u$s 0. 53Cardano(-0.41%)$0.46Avalanche(0.21%)

$BTC $ETH