BTC Surpasses $74,000 as Institutional Investors Fuel Rally
Bitcoin has reclaimed $74,000 after an 86-day absence from this price level. The rally is being driven by increased institutional activity in U.S. spot Bitcoin ETFs.
The trading volume for these ETFs reached over $5.3 billion, with BlackRock's IBIT dominating the activity at $4.44 billion in volume. Fidelity's FBTC came second with $438 million and Grayscale followed closely after.