Bitcoin Sets Another All-Time High as Crypto Sees Record Inflows
- Some analysts flag $80,000 as the next possible Bitcoin target
- Success of US Bitcoin ETFs is key driver of the token’s rally
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Bitcoin rose to a record for the third time in five days before traders appeared to take the opportunity to realize some of the recent gains.
The original cryptocurrency reached an all-time peak of $72,968 on Tuesday, before pulling back below $70,000. The fresh highs were reached in the wake of a report from CoinShares showing $2.7 billion flowed into crypto assets last week, with the bulk of that going to Bitcoin. Both the token and a gauge of the largest 100 coins are up roughly 70% this year.