Learn about the rising institutional demand for Bitcoin and the possibility of BTC reaching $1,000,000 this year. Stay updated with the latest cryptocurrency prices.
Bitcoin (BTC) Exchange-Traded Funds (ETFs) have experienced significant growth in the past week with nearly $1 billion in capital inflow. Investors have paused selling and injected $785.6 million into Bitcoin ETFs from Tuesday till now. Notably, BlackRock’s IBIT fund has attracted the most, with 6,342 Bitcoins worth over $535 million. Analysts suggest this indicates the start of a bullish market trend. Moreover, over 10,000 Bitcoins have left exchanges last week, signaling increased investor confidence in the market. Bitcoin’s price remains volatile but resilient, reaching $86,825 on March 19 but dropping 3.24% on March 20. However, in the past 24 hours, Bitcoin has grown by 0.3% and is currently trading around $84,300.
