Hassan Maishera
TL;DR
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Bitcoin is approaching the $64k mark after adding less than 1% to its value today.
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On Tuesday, US spot bitcoin ETFs attracted $136 million, marking the fourth straight day of net inflows.
BTC Eyes $65k as Spot ETFs Attract More Investors
The cryptocurrency market has continued its positive start to the week, with prices of coins and tokens currently in the green. Bitcoin, the number one cryptocurrency by market cap, is up less than 1% in the last 24 hours.
At press time, Bitcoin’s price is $63,889. If the bulls remain in charge, it could rally to the $65,200 resistance level in the short term.
The positive performance comes as the US spot Bitcoin ETFs continue to attract more investors. According to data obtained from SoSoValue, spot Bitcoin ETFs recorded $136 million in inflows on Tuesday.
As usual, BlackRock’s IBIT led the pack, attracting $98.8 million, its most significant single-day inflow since August 26. In second place is Bitwise’s BITB, with $17.41 million worth of inflows. Fidelity’s FBTC came third, reporting $16.80 million in inflows, while Grayscale’s Bitcoin Mini Trust had $2.85 million in net inflows.
While Bitcoin is currently in the green, altcoins are recording mixed performances. Ether, the second-largest cryptocurrency by market cap, is down 1% and now trades at $2,624 per coin.
Meanwhile, Solana’s SOL is up 1.5% over the last 24 hours, crossing the $150 mark in the process. Cardano’s ADA is the best performer amongst the top 10 cryptocurrencies, adding 10% to its value to trade at $0.3821 per coin.
The total cryptocurrency market cap continues to grow and now stands at $2.24 trillion, up less than 1% so far today.
