Bitcoin poised for potential breakout as institutional interest and inflows jump

Bitcoin ETFs have recently purchased 15,000 bitcoin, indicating a supply-demand imbalance that could push prices even higher.

The price of bitcoin, the world's largest cryptocurrency, may be poised for a significant breakout, driven by increasing institutional interest and strong inflows into bitcoin exchange-traded funds (ETFs), which only debuted in the U.S. in January.

Recent data shows that bitcoin ETFs have recently scooped up another 15,000 bitcoin, while only a little more than 3,000 were mined, potentially indicating a supply-demand imbalance that could push prices even higher.

Source - The Street

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