BlackRock Grabs 83% of Bitcoin ETF Inflows in Largest Single-Day Surge Since May
Bitcoin ETFs experienced their largest single-day inflows since May, with BlackRock securing 83% of the total. This surge in investment is a positive sign for the crypto market, reinforcing predictions of continued growth into year-end.
The current price of BTC sits at $77563.83, holding a bullish structure above key moving averages. The MACD indicator has confirmed a golden cross, a bullish signal that can precede a significant rally in price.
However, the RSI(14) reading is near overbought levels, flashing 94.54 near upper band resistance of $79680.49. This suggests a healthy retracement toward EMA50 support may be probable before further continuation.