Bitcoin Surges Above $78K Amid Ceasefire Extension and Liquidity Boost 🚀
BTC's price rallied to over $78,000 Wednesday after surging nearly 6% this week. US-listed spot ETF saw a mild inflow of $11.84 million on Tuesday amid uncertainty over US-Iran peace talks.
The extension of the two-week ceasefire pushed BTC's price higher, with Bitcoin now trading above both the 50-day and 100-day Exponential Moving Averages at $72,345 and $75,368 respectively. 🌟
BTC is expected to benefit from the US Treasury's plan to buy back up to $15 billion of its own debt—potentially providing fresh liquidity into markets and supporting Bitcoin's price momentum.
While ETF inflows were modest at $11.84 million on Tuesday, a bullish bias remains given BTC's strong technical indicators and resistance levels near $80K. 📈
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