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Crypto

Bitcoin ETF Flows Surge to $189.3 Million Amid Bullish Price Action

Guavy AI Editorial Team
Instruments
BTC
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On August 18, Bitcoin ETF (exchange-traded fund) flows saw a significant influx of capital, totaling $189.3 million.

The majority of this investment came from IBIT, which contributed $143.6 million, followed by FBTC at $23.9 million, BITB at $16.1 million, and ARKB at $19.7 million.

This surge in demand comes as Bitcoin's price tests the upper resistance at $65,204.39, with its EMA50 (Exponential Moving Average) standing at $63,866.58 as a key support level.

The MACD (Moving Average Convergence Divergence) indicator has also confirmed a bullish structure through a golden cross at 309.38, suggesting that Bitcoin's price may continue to rise in the near future.

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