PUBLISHED : 21 Oct 2024 at 14:26
Bitcoin came close to $70,000 on Monday as a spurt of inflows into exchange-traded funds for the largest digital asset as well as optimism about the outlook for US regulations supported sentiment.
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PUBLISHED : 21 Oct 2024 at 14:26
Bitcoin came close to $70,000 on Monday as a spurt of inflows into exchange-traded funds for the largest digital asset as well as optimism about the outlook for US regulations supported sentiment.
The cryptocurrency rose 1% before paring some of the gains to trade at $69,005 as of 7.20am in London. Smaller tokens such as second-ranked Ether and top-10 coin Solana oscillated in narrow ranges.
US spot-Bitcoin ETFs lured almost $2.4 billion of net inflows in the six days through Oct 18, data compiled by Bloomberg show, partly on bets that US crypto rules will become friendlier after the Nov 5 presidential election.
Republican candidate Donald Trump is avowedly pro-crypto, so much so that Bitcoin is…