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Cryptocurrency Market News: Why Bitcoin Remains Under $70K Despite Big ETF Flows

Bitcoin remained below $70K even as spot bitcoin ETFs recorded the second-largest daily inflows ever. Robinhood acquired Bitstamp to expand its business outside of U.S. Here's your weekly crypto news roundup.

Huge ETF Flows Switch Sentiment to Bullish

Bitcoin is back above $71,000 and currently sits at $71,346. Sentiment has once again flipped bullish, with growing anticipation that Bitcoin might finally be preparing to break through $73,000 and push on to new highs.

Bitcoin ETFs make 26% of BlackRock s 2024 inflows, 56% of Fidelity s

Inflows into BlackRock and Fidelity's spot Bitcoin ETFs account for over 26% and 56% of their total ETF flows this year, Bloomberg Intelligence data shows.

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