Bitcoin jumps 4.57% to $72,500 as ETFs see $472M inflows, breaking key resistance levels.
Bitcoin's price surged 4.57% to around $72,500, driven by strong inflows into Bitcoin ETFs totaling $472.2 million in one day and nearly $797 million over the past week. The cryptocurrency broke above the $67,333 resistance and moved past its 200-day EMA at $71,549, signaling bullish momentum. Trading volume and open interest also rose, indicating increased trader activity and potential for larger price swings. Investors are now watching if Bitcoin can hold above the $67,333 support level to confirm the breakout.
Bitcoin's price surged 4.57% to around $72,500, driven by strong inflows into Bitcoin ETFs totaling $472.2 million in one day and nearly $797 million over the past week. The cryptocurrency broke above the $67,333 resistance and moved past its 200-day EMA at $71,549, signaling bullish momentum. Trading volume and open interest also rose, indicating increased trader activity and potential for larger price swings. Investors are now watching if Bitcoin can hold above the $67,333 support level to confirm the breakout.
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