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Markets · Investing · Business
Finance
Bitcoin ETFs Are Roaring Again. Is Bitcoin a Buy at $80,000?
Money is flowing into Bitcoin ETFs again, but how long can Bitcoin's summer rally last?
All it took was one good month. Actually, just three weeks. In that time period, Bitcoin(CRYPTO: BTC) soared by 25% and completely changed the narrative around the crypto market.
It's no surprise, then, that new investor money is flowing into the Bitcoin exchange-traded funds (ETFs) at a rapid pace. They just wrapped up their best three-week stretch of the year, pulling in $3.8 billion from investors. So is Bitcoin finally back?
Details
Let's be honest here: Nothing fundamentally changed with Bitcoin over the past three weeks. Bitcoin is a cryptocurrency, not a company, so there have been no earnings announcements, no product announcements, and no splashy news events.
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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