Bitcoin Soars to Near $78K as Liquidity Hopes and ETF Inflows Boost Crypto Markets

Bitcoin has surged to nearly $78,000 in value, up over 22% in one week. This price increase is attributed to improved liquidity expectations and the influx of crypto exchange-traded funds (ETFs), which have seen approximately $1.45 billion in net inflows across four consecutive sessions.

Nischal Shetty, Founder of WazirX, said that the strongest daily inflow approached $710 million, indicating institutional participation and improving market confidence.

Shetty also noted that crypto markets recorded a strong weekly recovery as improved liquidity expectations outweighed pressure from elevated oil prices and long-term bond yields. The global crypto market capitalisation has gone up to $2.53 trillion in one week, according to Coingecko.