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Bitcoin Flirts With $52K on Strong Spot ETF Inflows; Crypto Hacks Are on the Rise

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Bitcoin (BTC) is trading near the $52,000 level following strong spot BTC ETFs inflows. K33 senior analyst Vetle Lunde weighs in on the driving force behind the performance of the ETF products and his bitcoin price outlook for the rest of the year. Plus, insights on the latest hacks and exploits in the crypto industry.

Christine Lee is an anchor and producer at CoinDesk. Previously, she anchored live daily market updates and reported business news features for television stations around the world at Thomson Reuters. She first began covering cryptocurrencies at Bloomberg TV Canada.Lawrence Lewitinn serves as the Director of Content for The Tie, a crypto data company, and co-hosts CoinDesk's flagship "First Mover" program. Previously, he held the position of Managing Editor for Markets at CoinDesk.

The CoinDesk Bitcoin Price Index is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges.

 

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