Bitcoin ETFs log $912M inflows in ‘dramatic’ investor sentiment boost 📈
Investor sentiment towards Bitcoin has seen a substantial recovery, evidenced by $912 million in inflows into Bitcoin ETFs. This marks the highest daily investment since January, highlighting renewed interest driven by a perceived alleviation in trade tensions.
US President Trump's softening stance on Chinese import tariffs has contributed to this positive sentiment, causing the price of Bitcoin to reach $93,000, a seven-week high. The ongoing institutional investment through ETFs could accelerate Bitcoin's historic four-year cycle.
Analysts suggest Bitcoin's role as a safe-haven asset is strengthening, with factors like a weaker US dollar, record gold prices, and institutional interest driving this perception. Although concerns about economic recession persist, Bitcoin is increasingly viewed as "less Nasdaq, more gold," according to industry experts.
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