Cryptocurrencies
Bitcoin Tops $70,000 Again After Slumping on US ETF Outflows
- US spot ETFs saw outflows of almost $900 million last week
- People are ‘eager to buy the dip,’ says INDIGO’s Cohen
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Bitcoin enthusiasts appear to be shrugging off last week’s outflows from US exchange-traded funds, with the largest cryptocurrency climbing back above $70,000 again.
Most digital assets were higher Monday, with Bitcoin gaining as much as 7.1% to $70,816. That’s the first time the token has been above $70,000 in more than a week. Ether was up around 6%, while Solana and Dogecoin were both more than 4% higher.