Bitcoin surged past $68,000 on Tuesday as inflows into US spot ETFs accelerated, with BlackRock’s IBIT leading the charge at $420 million in single-day inflows. The rally came amid renewed optimism about a potential Trump presidency and his pro-crypto stance. Ethereum also climbed 3% to $3,500.
CoinDesk reports that Bitcoin ETF flows have turned positive for the first time in three weeks, with total net inflows of $1.2 billion over the past five trading days. Analysts attribute this to institutional repositioning ahead of the November election.
According to CoinTelegraph, the Bitcoin fear and greed index flipped to “Greed” (65) from “Neutral” last week, signaling improving market sentiment. On-chain data shows long-term holders are accumulating.
