Bitcoin Takes Bull Breather

Bitcoin ETFs registered $556 million in inflows on Monday, their highest in over 4 months. Constancy’s FBTC led the best way with positive factors of $239 million, whereas Bitwise’s BITB was a distant second with $100 million. The inflows marked a multi-month excessive for bitcoin ETFs, because the final time they registered greater positive factors was on June 4, once they hit $886.75 million. This additionally preceded the final time bitcoin eclipsed the $70,000 mark on June 6, suggesting BTC is primed for additional positive factors. Merchants on Polymarket are providing a 64% risk of bitcoin reaching one other all-time excessive in 2024, which is 9 proportion factors greater than every week in the past.