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Bitcoin surges past $57,000 as ETFs end losing streak
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Bitcoin Rebounds as ETF Inflows Resume
Bitcoin's price has surged to $57,000, marking a 3% increase in 24 hours. This rally coincides with U.S. spot Bitcoin ETFs recording $28.7 million in inflows, ending a significant outflow streak.
Even with all the near-term noise and volatile price action, we remain structurally bullish.
Despite the positive movement, traders remain cautious due to historical market behavior following Federal Reserve rate cuts. In other news, blockchain data provider Nansen has acquired StakeWithUs, expanding its services to include non-custodial staking for over 20 assets.
- Bitcoin price rises to $57,000, gaining 3% in 24 hours.
- U.S. spot Bitcoin ETFs record $28.7 million inflows, ending outflow streak.
- Traders remain cautious due to historical post-Fed rate cut market behavior.
- Nansen acquires StakeWithUs, expanding into non-custodial staking services.
- AI and liquid staking tokens show significant gains in Asian markets.
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