Bitcoin ETF Inflows Surge to 866M Sparking Bitcoin Price Surge Are we Approaching a New AllTime High

Article Summary:
Bitcoin ETFs experienced a significant inflow of $886 million, the highest since March, as Australia and Thailand joined the trend. Traders are anticipating potential rate cuts at the upcoming Fed meeting on June 12. Bitcoin’s price surge near its all-time high of $71,000 hints at a potential bull run. The influx of funds reflects heightened investor confidence in the crypto market, with major players like Fidelity and Blackrock leading the investments. The global demand for Bitcoin ETFs is also on the rise. The Fed’s meeting is expected to discuss rate cuts, fueled by recent data showing a slowdown in U.S. inflation and a weakened job market. Despite some market fluctuations, Bitcoin is showing signs of recovery, with a market cap of $1.4 trillion and a 3% surge in the last 24 hours. The future looks promising for Bitcoin.