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.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.