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BITCOIN
🚀 Bitcoin May Moon In A Week 

Word On The Street: Bitcoin has crossed the $70,000 mark for the first time since June 10, driven by two strong weeks of inflows into U.S. spot Bitcoin ETFs.

The details:

• CoinShares reported that Bitcoin funds saw $920 million in inflows for the week ending October 25, pushing year-to-date inflows to an impressive $25.4 billion.

• The previous week, U.S. spot-based ETFs accumulated $2.1 billion in net inflows, as noted by Farside Investors.

• Traders are also pointing to a “golden cross” on Bitcoin’s chart—a bullish pattern where the 50-day moving average crosses above the 200-day moving average

Why it matters: Now trading within 5% of its March 13 all-time high of $73,679, Bitcoin is reaching levels not seen since mid-May, breaking out of a previously tight range between $55,000 and $65,000.

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