Your current location is:FTI News > Exchange Dealers
Bitcoin has broken through the $70,000 mark once again
FTI News2025-07-29 08:11:41【Exchange Dealers】1People have watched
IntroductionForeign exchange automatic transaction software,Foreign exchange eye query foreign exchange platform official website,As the digital asset market continues to develop, investors remain optimistic about its long-term pr
As the digital asset market continues to develop,Foreign exchange automatic transaction software investors remain optimistic about its long-term prospects. According to recent reports, despite significant outflows from U.S. Exchange-Traded Funds (ETFs) last week, Bitcoin and other digital assets are still on the rise. Bitcoin briefly surpassed the $70,000 mark for the first time in over a week.
In Monday's trading, Bitcoin's price increased by 5.8%, reaching $70,014. At the same time, Ethereum rose by about 5%, while Solana and Dogecoin both saw increases of over 4%.
Last week, ETFs experienced nearly $900 million in withdrawals, reflecting continuous outflows from the Grayscale Bitcoin Trust and a slowdown in subscriptions for ETFs from BlackRock and Fidelity Investments. This performance marked one of the worst for these ten funds since the beginning of the year.
Despite the drag on ETF inflows, there has been a substantial amount of buying in the market, particularly concentrated around the $60,000 region. As the co-founder of the digital asset hedge fund INDIGO Fund stated, "This indicates the market's eagerness to buy on dips. You need to secure liquidity at lower levels to facilitate subsequent growth and generate upward momentum."
Bitcoin's avid followers seem unphased by the ETF outflows, with the market still demonstrating strong purchasing power.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Very good!(84)
Related articles
- U.S. crude oil stocks surged, leading to a drop in oil prices.
- Aston Martin unveils new limited
- April 18, 2024, Daily Morning Market Update
- Tesla's Cybertruck delivery reportedly halted due to quality issues.
- Market Insights: Dec 1st, 2023
- Tesla's Cybertruck delivery reportedly halted due to quality issues.
- Boeing suffers another blow as NASA announces delay of the first manned flight
- Aston Martin unveils new limited
- Maleyat Trading Platform Review: Regulated
- The crypto market fell sharply, with Bitcoin ETFs seeing the largest outflow in four months.
Popular Articles
Webmaster recommended
IFE MARKETS Broker Review: High rRsk (suspected fraud)
Gold Declines to New Lows.
Tesla's Cybertruck delivery reportedly halted due to quality issues.
Expecting a Fed rate cut and ETF boost, Bitcoin hit $65,000 for the first time in three weeks.
Latest Version: FxPro Important Notice: Trading Hours Update During Qingming Festival Holiday
FxPro Weekly Video: Oil and the AI Wave
Oil prices drop to a weekly low; Powell's speech and Jackson Hole meeting are key this week.
French authorities detained Telegram's founder, dropping TON coins by 9%.