Bitcoiner Michael Saylor comments on Bitcoin trading in $60,000 range
Michael Saylor Issues 'Bitcoin Future' Tweet as BTC Holds at $60,000On Thursday, Bitcoin demonstrated an impressive 13.34% increase, which extended to Friday as BTC surged from $55,000 to the $62,400 price line.
This week, Bitcoin finally stopped crashing and recovered after the 25% collapse caused by the Japanese stock market plunge. This drove down the stock markets around the world, including the one in the U.S. BTC was pushed down heavily, which caused the massive crash of altcoins as well. While the current Bitcoin price increase to $60,000 took place, spot ETFs have seen large inflows. The 10 exchange-traded funds saw net inflows of 4,698 BTC worth $283.87 million. The largest inflows among those were welcomed by BlackRock’s IBIT — 2,641 BTC valued at $159.57 million. Currently, this spot Bitcoin ETF holds 347,608 BTC in total. That is a staggering $21 billion.
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