Crypto
Institutional Buying Fuels Fresh $65K Breakout Attempt for Bitcoin
U.S. spot Bitcoin ETFs have seen four consecutive days of net inflows, totaling $137 million on August 7.
This surge in institutional demand is accompanied by a significant increase in Coinbase Premium Index, which has risen 15% over the past 24 hours.
The cumulative net inflows across U.S. spot Bitcoin ETFs have now reached $52.53 billion, underscoring the continued confidence of institutional investors in Bitcoin.
Bitcoin's price is currently challenging the psychologically important $65K level, but this time it appears to be backed by stronger institutional demand.