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Crypto

Bitcoin Soars to $73K Amid Short Squeeze and ETF Inflows

Guavy AI Editorial Team
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BTC
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Bitcoin surged nearly 11% in 24 hours to reach almost $73,000, driven by a massive short squeeze and strong inflows into U.S. spot Bitcoin ETFs totaling $517 million.

The rally was also supported by falling U.S. Treasury yields, which made Bitcoin more attractive compared to low-risk government debt.

Analysts highlight that sustained gains depend on continued ETF demand, clarity on U.S. crypto regulations, and political developments ahead of the November midterms.

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