Bitcoin Surpasses $75,000 as ETF Flows and Geopolitical Calm Fuel Market Optimism
Bitcoin is trading above $75,000 on Friday, having gained 6% this week amid a technical bullish breakout pattern. The rise follows easing geopolitical tensions in the Middle East, which have improved risk sentiment and driven assets like BTC higher. Institutional demand is also supporting Bitcoin’s price, with spot ETFs recording positive flows through Thursday. However, on-chain data indicate profit-taking and distribution activity could cap Bitcoin’s upside in the near term. Ethereum is trading above $2,350, and XRP is near its weekly high of $1.46. Dogecoin, meanwhile, remains below $0.1000 despite showing signs of retail strength.
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