In October 2024, Bitcoin experienced a significant price surge, reaching US$70,200, fueled by a substantial inflow of US$5.3 billion into spot ETFs. This data, sourced from COINOTAG, highlights increased market enthusiasm during the month.
This surge from US$63,300 underscores the growing interest and optimism in the cryptocurrency market. The inflow into ETFs is indicative of investors’ confidence in Bitcoin’s potential for future gains, marking a noteworthy period of activity in the cryptocurrency sphere.
The rise in Bitcoin’s price is a reflection of broader investor sentiment and the impact of strategic financial instruments like ETFs on market dynamics.
Nguồn: en.coinotag.com ↗