First Mover Americas: Bitcoin Hovers Around $70K After ETF Records Month-High Inflows

Bitcoin hovered around the $70,000 mark during the European morning, a slight drop following Tuesday’s rally to as high as $71,400. BTC is currently priced at $70,069, around 1.6% lower over 24 hours. The CoinDesk 20 Index (CD20), offering a measurement of the broader digital asset market, fell about 0.5%. BlackRock’s spot bitcoin ETF (IBIT) recorded over $290 million in inflows on Tuesday, its highest one-day figure since April 5 and nearly three times the previous high this month: $93 million on May 16. As a whole, ETFs took on nearly $300 million in net inflows on Tuesday.

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• Source: https://www.coindesk.com/markets/2024/05/22/first-mover-americas-bitcoin-hovers-around-70k-after-etf-records-month-high-inflows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines