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Bitcoin hits new record high over $73K: Sky's the limit?
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Jessica Amir joined discussion · Mar 12 00:29

Bitcoin rises to another record, $72,000 and ETFs flows surge, again

The Bitcoin $Bitcoin(BTC.CC)$ price surged up over $72,000 for the first time, advancing for the 6th day and taking gains this year to 70%, after inflows surged into Bitcoin Exchange Traded Funds. And now bets are getting louder than the cryptocurrencywill move up again.
The UK joined the US in allowing Bitcoin exchanges to list cryptocurrency-linked exchange-traded funds (products) (ETFs) for the first time. Two months ago the SEC allowed spot bitcoin ETFs to trade in the US.
At the same time, we can see that flows into Bitcoin ETFs continue to hit a new highs. This month $10 billion has been invested into Bitcoin ETFs, $6 billion has gone into the $iShares Bitcoin Trust(IBIT.US)$ ETFs.
Options pricing also suggests Bitcoin will hit new highs, ahead of the antipating halving event.
Bitcoin rises to another record, $72,000 and ETFs flows surge, again
Bitcoin rises to another record, $72,000 and ETFs flows surge, again
For where Bitcoin could go next, click here.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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    Jessica Amir
    Moomoo Official Market Strategist
    Investment strategist, featured on TV, radio, newspapers. Follow on Twitter @JessicaDAmir
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