Bitcoin approached the $74,000 level as institutional demand for crypto strengthened over the past week. Spot Bitcoin ETFs recorded combined net inflows of about $763.4 million, with BlackRock leading the surge after purchasing roughly $600.1 million worth of BTC. The asset manager has been on a five-day buying streak, while Grayscale’s GBTC continued to record outflows.
Bitcoin has been forming higher highs since March 9 and has gained more than 13% during that period. The broader market also moved upward, triggering more than $300 million in liquidations as prices rose.
