Bitcoin’s push toward $75K revives debate over what drives capital flows
Bitcoin chases $75,000 as the return of aggressive spot BTC ETF inflows, billion dollar buys from Strategy and an improvement in investors’ risk appetite propel the crypto market.
Bitcoin’s (BTC) price recovery extended into a third week as the price rallied to $74,509, a level not seen since Feb. 4. While markets remain reluctant to confirm whether or not Bitcoin bottomed, the cryptocurrency is up 22.5% from its Feb. 6 low at $60,000 and data point to a renewed institutional investor appetite as a potential key player in the current bullish breakout.
Over the last week, Michael Saylor’s Strategy, the largest public holder of Bitcoin, purchased 22,237 BTC for $1.57 billion.
According to reporting from Bloomberg,
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