Posted 3/13/2024, 3:27:27 PM
Bitcoin Soars to New High Above $73K, Spot ETF Inflows Add Fuel to Rally
- Bitcoin hits new all-time high of $73,725 before pulling back; spot BTC ETF inflows continue to drive price higher
- Over $350 million in crypto derivatives liquidations in last 24 hours due to choppy Bitcoin price action
- Flows into spot Bitcoin ETFs soak up liquidity, potentially leading to supply shortage in 6 months
- Ethereum's Dencun upgrade integrated; expected to help reduce layer-2 transaction costs
- Altcoin market sees boost alongside Bitcoin price run; Ethereum stalls near $4,100 resistance