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Bitcoin Soars Past $72,000 on Massive ETF Inflows and Short Squeeze

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin rallied above $72,000, driven by a major short squeeze and a significant reversal in spot ETF inflows, totaling $517.2 million on Wednesday.
  • This positive momentum is supported by macroeconomic factors, including falling Treasury yields and a weaker dollar, following the U.S.
  • Treasury's bond buyback announcement.
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BTCUSD price history

77576.37 +17.75% over the displayed period

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