The current price of Bitcoin is $61,500 with a 24-hour trading volume of $28.28 billion. Bitcoin has experienced a 2.25% drop in the past day and is ranked first on Cryptonews with a market cap of $1.21 trillion. The cryptocurrency has a circulating supply of 19,698,325 BTC and a maximum supply of 21,000,000 BTC. The U.S. Spot Bitcoin ETF market has seen a $66 million inflow, marking a reversal from the recent outflow trend. This surge is led by Fidelity’s FBTC, indicating renewed investor interest in cryptocurrency-backed exchange-traded funds.
Bitcoin ETFs saw a significant turnaround with a $66 million net inflow after two days of outflows. Fidelity’s FBTC attracted $38.6 million in inflows, followed by Bitwise Bitcoin ETF BITB with $20.3 million. The rise in inflows reflects growing trader confidence in Bitcoin ETFs, coinciding with Bitcoin’s recent surge past $63,000. This trend highlights the ongoing interest in Bitcoin ETFs and reflects investors’ shifting strategies and confidence levels as the market experiences volatility.
Bitcoin‘s 4-hour chart shows that the cryptocurrency is currently hovering around a pivot point of $61,450, indicating a slightly bullish trend. The symmetrical triangle pattern around this pivot point suggests potential volatility, with Bitcoin possibly breaking out in either direction. Immediate support is found at $60,185, with further support levels at $58,550 and $56,645. The Relative Strength Index (RSI) is at 47, indicating neutral momentum in the market, while the 50-day Exponential Moving Average (EMA) exerts slight downward pressure on the price.
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