eToro

Bitcoin climbed to $78,400 last week, reaching its highest level since early February, as improving global risk sentiment and strong institutional inflows boosted momentum across crypto markets. The price surge was supported by progress in geopolitical developments between the US and Iran, alongside significant inflows into spot bitcoin ETFs, which recorded $664 million in a single day. A further $344 million in short liquidations, driven by futures market activity, accelerated the upward move as bearish positions were squeezed out. From a technical standpoint, bitcoin has now broken above the $76,000 ...