Bitcoin Surges Back to US$70,000 Thanks to Easing Global Tensions
The price of Bitcoin (BTC) has been observed strengthening to the level of US$70,000, recording an increase of 5.3% in the last 24 hours as of Tuesday (10/03). This price recovery is primarily driven by the cooling of geopolitical situations in the Middle East, as well as the significant interest from investors, reflected in the inflow of funds into Bitcoin ETFs amounting to US$57 million in a single day.
Although macro trends support this increase, the direction of future movements will still heavily depend on the upcoming inflation data release.
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