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Bitcoin is up by over 4% today as the largest cryptocurrency nears its all-time high after a month.&nbsp;
After dipping below $66,000 following wider liquidations in the crypto market, <a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a> made a strong comeback this week, driven by nearly $570 million total net flow in <a href="https://crypto.news/bitcoin-etfs-see-203m-net-daily-inflows-halving/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows.&nbsp;
Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin Cash (<a href="https://crypto.news/bitcoin-cash-price-halving/" rel="noopener noreferrer nofollow">BCH</a>), a fork of the Bitcoin network. The token’s latest halving saw its value surge by 10%, as BCH increased nearly 60% in March.&nbsp;
You might also like: <a href="https://crypto.news/russias-central-bank-foresees-full-scale-cbdc-implementation-post-2029/" rel="noopener noreferrer nofollow"> Russia’s central bank foresees full-scale CBDC implementation post-2029 </a>
Traders and analysts expect a similar impact on BTC after its upcoming halving. Industry experts like SkyBridge Capital’s <a href="https://crypto.news/scaramucci-sees-bitcoin-reach-170k-after-halving/" rel="noopener noreferrer nofollow">Anthony Scaramucci</a> recently predicted BTC would reach $170,000 in the post-halving bullish cycle. Bitcoin’s daily <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">trading volume</a> is also up by 70% today. The largest cryptocurrency reached its previous all-time high a month ago, hitting $73,737. If the market sentiment prevails, BTC can create a new peak this month.&nbsp;
Read more: <a href="https://crypto.news/chinas-largest-mainland-equity-funds-quietly-join-spot-bitcoin-etf-market-report-says/" rel="noopener noreferrer nofollow"> China’s largest mainland equity funds quietly join spot Bitcoin ETF market, report says </a>

Bitcoin nears all-time high as daily trading volume rises 70%

crypto.news

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