Bitcoin Surges Past $70,000 as Adoption Grows
TL;DR
Analyst Markus Thielen predicts that Bitcoin will reach an all-time high before the week ends, citing bullish signs such as a decline in bitcoins held on exchanges, BlackRock's launch of a spot ETF in Brazil, and increased trading volumes in Korea. Thielen expects movement into BlackRock's product to resume strongly this week and suggests that if Grayscale's flows drop to less than a $100m outflow, Bitcoin will make a significant upward move.
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