First Mover Americas: Bitcoin Tops $71K After Best Day for ETF Inflows Since March

Jamie Crawley is a CoinDesk news reporter based in London.

BTC crossed $71,000 early Wednesday after spot bitcoin ETFs had their best day of inflows since March.

Bitcoin has risen about 3% in the last 24 hours, while the CoinDesk 20 Index , representing a broad measurement of the digital asset market, is up around 2.8%. Bitcoin. It subsequently pulled back to trade around $70,900. Nevertheless, BTC is showing a green candle for the fifth consecutive day, its longest such stretch since March.Fidelity's FBTC led the way with $378 million, while BlackRock's IBIT took on $270 million.

Over $11 billion in BTC futures bets are live on the Chicago Mercantile Exchange , followed by crypto exchange Binance at $8 billion. Open interest refers to the number of unsettled futures contracts and indicates a rise in money entering the market, usually a sign of further expected volatility.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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