Why Bitcoin price’s road to $70K depends on ETFs and more

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There has been a surge in interest in Bitcoin ETFs, with ETF volumes hitting unprecedented highs. How will BTC be affected?

has hit a slump over the last few days as the price has remained around the $64,000 level for quite some time.According to Santiment’s data, there’s some for positive movement for BTC in the future. The combined daily trading volume of Bitcoin ETFs recently reached its highest point in four weeks, reaching $3.62 billion.This comes amidst a five-week period of unpredictable sideways movement in the broader cryptocurrency market.

It suggested that investors remain confident in the long-term potential of Bitcoin, and are using ETFs as a way to gain exposure to the cryptocurrency.

 

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