Analysts are projecting Bitcoin (CRYPTO: BTC) to reach $65,000 in the near term, citing increased long positions and bullish options activity, as the leading cryptocurrency remains steady above $62,000. Meanwhile, Ethereum (CRYPTO: ETH) has climbed 3.5% to $2,547, with both cryptocurrencies seeing significant ETF inflows.
What Happened: Bitcoin is currently trading at $62,950, down 1% over the last 24 hours after reaching a high of $64,082 earlier in the day. Ethereum touched $2,562 before settling at its current price point.
Despite Bitcoin’s dip, the cryptocurrency market is showing signs of strength, with substantial inflows into both Bitcoin and Ethereum spot ETFs.
On Sep. 19, Bitcoin spot ETFs recorded a total net inflow of $158 million, according to data from SoSo Value.
Ark Invest & 21Shares‘ ETF (CBOE: ARKB) led with …
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