The cryptocurrency market is trading in the green on Wednesday following a bearish start to the week. Bitcoin, the leading cryptocurrency by market cap, is trading above $68,500 per coin after rebounding from a key technical level earlier this week. The positive performance comes amid rising institutional inflow into spot Bitcoin Exchange-traded Funds (ETFs) and the easing of tensions in the Middle East war. Easing war tension boosts BTC's price above $68,000 Bitcoin has added 3% to its value in the last 24 hours, briefly hitting the $69,300 level earlier today. It has slightly retraced and now trades above $68,600 per coin, as per data from various crypto trading platforms.
Bitcoin hovers above $68K as ETF inflows return, war tensions ease
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AI INSIGHT
Bitcoin trades above $68,500 after hitting a 24-hour high of $69,300, gaining 3% as institutional inflows into spot Bitcoin ETFs increase.
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