Back to home
Crypto
Bitcoin steadies near $68,000 as spot ETF inflows resume
Priya Nandan7 August 20264 min read
BTC found support after a choppy week, with US spot ETFs logging their strongest daily inflows in a month.
Bitcoin stabilized near $68,000 on Friday, recovering some composure after a volatile stretch earlier in the week.
The rebound coincided with renewed inflows into US spot Bitcoin ETFs, which posted their best single-day total in roughly a month.
Market watchers say the inflows suggest institutional buyers are using recent dips as accumulation opportunities rather than a reason to retreat.
A decisive move above $70,000 would likely be needed to reignite momentum toward the next leg higher.
Key Takeaways
- Bitcoin held the $68,000 level after testing lower support earlier in the week.
- US spot Bitcoin ETFs saw their largest single-day inflow in four weeks.
- Institutional demand is offsetting lingering macro uncertainty.
- Key resistance sits near $70,000.
Stay Ahead of the Market
Get daily forex news, technical analysis and broker insights delivered straight to your inbox.