Bitcoin (BTC), the leading cryptocurrency by market capitalization, is witnessing a surge in inflows, particularly into US spot exchange-traded funds (ETFs). This trend indicates a positive outlook for Bitcoin, possibly pushing it towards a new all-time high.
Despite previous struggles to surpass the $70,000 mark, these institutional inflows reflect a strong positive sentiment in the market, as noted by CoinMarketCap's data.
Such developments are seen as a pivotal moment, potentially marking the beginning of a Bitcoin bull run, as institutions increase their participation in cryptocurrency assets.
