Bitcoin ETF Daily Inflow Hits $556M as BTC Appears Primed for Breakout
Summary
Bitcoin ETFs saw inflows of $555.86 million, marking a multi-month high since June 4. Bitcoin's price increased by 2.2% in the last 24 hours. A technical indicator suggests Bitcoin could surpass $73,000, indicating a potential upward trend. Prediction markets show increased optimism, with Polymarket traders giving a 64% chance of Bitcoin reaching a new all-time high in 2024, up 9 percentage points. Kalshi bettors estimate a 46% chance of Bitcoin hitting $75,000 this year, up 7 percentage points. Bitcoin's all-time high was over $71,000 in March.
