After the ceasefire between Israel and Iran boosted market sentiment, the price of Bitcoin rebounded to $106,200. The consideration by U.S. housing regulators to accept Crypto Assets as mortgage collateral enhanced investor confidence, further driving the price of Bitcoin up to $108,000. Institutional investors strongly flowed into Bitcoin ETFs, with a single-day inflow amounting to $588.6 million, supporting Bitcoin’s recovery and stabilizing the price around $107,000.
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10x Research: Bitcoin Spot ETF receives strong institutional fund inflows, BTC stabilizes at $107,000
bullish, also above the 30-day MA
After the ceasefire between Israel and Iran boosted market sentiment, the price of Bitcoin rebounded to $106,200. The consideration by U.S. housing regulators to accept Crypto Assets as mortgage collateral enhanced investor confidence, further driving the price of Bitcoin up to $108,000. Institutional investors strongly flowed into Bitcoin ETFs, with a single-day inflow amounting to $588.6 million, supporting Bitcoin’s recovery and stabilizing the price around $107,000.