First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market

📆 20/08/2024 14:32:00
📰 CoinDesk

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Jamie Crawley is a CoinDesk news reporter based in London.

Bitcoin ETFs recorded over $61 million in net inflows, the highest since $192 million on Aug. 8, data from SoSoValue shows. BlackRock’s IBIT led with $92 million of inflows, while Bitwise’s BITB recorded $25 million of outflows. Japan’s Metaplanet said it completed a BTC purchase worth $3.4 million, bringing its total holdings to 360.368 BTC. At the time of writing, bitcoin is priced just below $60,800, an increase of 4.

BTC, however, has crossed above $60,000 in the past 24 hours. The positive price action may see shorts throw in the towel, adding to the bullish momentum.

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