The largest cryptocurrency by market cap, Bitcoin almost reached its all-time high of $73k earlier today after it traded above $72,500. However, at the time of writing, the price of the flagship cryptocurrency changed hands at $72,483, representing a 1.79% increase in the last 24 hours. The recent BTC upsurge is not an isolated event, notably, the entire crypto market is experiencing a rally in the last days of “Uptober.” According to on-chain data, the total market cap added 1.25% in the last 24 hours to reach $2.43 trillion.
With a 9.06% increase in the last seven days, investors are hopeful for a continuous upward trajectory that would shoot the coin’s price above $74k, setting a new all-time high. Notably, Bitcoin exchange-traded funds (ETFs) saw a daily total net inflow of $870 million as of October 29 according to Soso Value data, marking its third-highest daily flow. This illustrates an increase in institutional interest in crypto products.
