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The Bitcoin price dropped 1% in the last 24 hours to trade at $67,424 as of 00:50 a.m. EST on trading volume that surged 46% to $42 billion.
This comes as Bitcoin spot ETFs (exchange-traded funds) cumulatively netted over $17 billion in inflows since launch in January, a new record driven mainly by BlackRock’s IBIT.
IBIT recorded its biggest day of inflow since March, with over $523 million entering the fund on Monday. BlackRock purchased 7,759 Bitcoin on July 22, bringing its total sum to 333,000 BTC, amounting to approximately $22 billion.
Bitcoin Price To Continue Its Surge Over The Ascending Triangle
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