Bitcoin

Coin

<ul class="news-points"> 
 <li>Bitcoin climbed above $73,000 following surging inflows into newly launched ETFs.</li> 
 <li>ETF daily inflows reached a record $1.05 billion on March 13, surging 108% from the previous day.</li> 
 <li>Bernstein’s analysts are confident Bitcoin will reach the $150,000 price target by 2025.</li> 
</ul> 
<a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin</a> broke above $73,000 on Monday amid increasing ETF inflows. The flagship cryptocurrency continued to rally, with analysts growing more confident BTC would achieve an original prediction of $150,000 in the current bull cycle. 
Following Monday’s rally, <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-150000-crypto-rally-halving-etfs-bernstein-btc-2024-3" target="_blank" rel="nofollow">Bernstein’s analysts</a>, Gautam Chhugani and Mahika Sapra, reiterated their <a href="https://coinedition.com/bitcoin-btc-price-prediction/" target="_blank" rel="noreferrer noopener">bullish forecasts that Bitcoin</a> will push much higher after the upcoming halving event. They believe the current momentum is strong enough to cause a follow-through after the slashing of miners’ rewards later in April. 
According to the analysts, recent developments make them more convinced that their last year’s prediction about Bitcoin will come to pass. The analysts said: 
<blockquote class="wp-block-quote is-style-default"> 
 We built bitcoin institutional flows in our estimates to arrive at bitcoin price. We estimated $10 billion inflows for 20…
</blockquote>
The post <a href="https://coinedition.com/bitcoin-breaks-73k-amid-swelling-inflows-across-newly-launched-etfs/">Bitcoin Breaks $73K Amid Swelling Inflows Across Newly Launched ETFs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Breaks $73K Amid Swelling Inflows Across Newly Launched ETFs

Coin Edition

Other articles published on Mar 13, 2024

Record Bitcoin ETF Inflows Propel BTC to New ATH of $73,637.47

Top 3 Coins Under $1 For Massive Returns

Rapper Drake Posts Michael Saylor Video Lauding Bitcoin As A Store Of Value To His 146 Million In...

Existing Laws Can Tackle Prevailing Infringement Concerns of NFTs

Ethereum Price On The Rise, Will It Continue Or Slump Soon?

3 Hidden Gems In The Crypto Market To Think About Instead Of Large Market Cap Coins: SMOG, GBTC, ...

Join our free newsletter for daily crypto updates!