Bitcoin traders eye $70,000 again as funds flow into U.S. ETFs
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Odaily Odaily Bitcoin traders are once again targeting the $70,000 mark reached in June, after cryptocurrencies fell across the board late last Friday, while funds steadily flowed into U.S. exchange-traded funds (ETFs). CoinShares' report showed that the scale of funds flowing into digital assets last week reached $910 million, pushing the year-to-date inflow to $27 billion, almost three times the record high in 2021. The report shows that Ethereum, the second largest digital asset, saw an outflow of $35 million last week, the largest outflow of all assets. Options traders have also been increasing their bets, predicting that no matter who wins the U.S. election, Bitcoin will reach a record high of $80,000 by the end of November. (Jinshi)
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