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Bitcoin ETF Inflows Return to Previously Strong Levels, Balchunas Says
Bitcoin continued to rise as negative sentiment persisted, the CLARITY Act faced a setback and bond yields climbed.
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Bitcoin (BTC) has continued to rise gradually as ETF inflows recover to previously strong levels. Bloomberg ETF analyst Eric Balchunas said the trend could frustrate bearish investors.
Negative sentiment remained, the CLARITY Act had suffered a setback and bond yields were rising. Bitcoin’s price continued to advance, while ETF inflows returned to previously strong levels.
Balchunas said bearish investors could become frustrated and enter a longer period of dormancy. He described the view as his personal assessment of current market conditions.
