The Strait of Hormuz is back under Iran's control, while Trump threatens to take down the Iranian power grid. Still, Bitcoin #BTC is holding strong at a time when altcoins are bleeding heavily. It seems something in the structure of this #BTC market has shifted, but Bitcoin price predictions #BTC are still skewed towards the bullish side.
Her biggest weekly bet on #btc# comes while the coin is trading above the support level of $74,000. #btc# The BlackRock Bitcoin ETF (IBIT) attracted about $871 million in net inflows last week, topping the list of all crypto ETFs. #btc#
Collectively, spot Bitcoin funds in the U.S. recorded $1.9 billion in net inflows over the same five days, marking the strongest weekly performance since early February. April 17 was particularly notable, with total fund inflows of $663.89 million, of which the IBIT fund alone accounted for $283.96 million, while Fidelity's FBTC fund added another $163 million.
Tensions with Iran had temporarily pushed the price of Bitcoin down to $63,000 two months ago, before Saturday's buy orders managed to reclaim the $78,000 level for a brief period, as institutional buyers treat every price dip as a perfect entry point.
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