Bitcoin rebounds to $62,980 on $224 million spot Bitcoin ETF inflows
Business
Bitcoin bounced back to $62,980 (about ₹60.1 lakh) on Monday, ending a recent slump as investor confidence picked up and $224 million flowed into spot Bitcoin ETFs.
The coin gained 4.17% in the past week, marking its best run in nearly two weeks.
Cryptocurrencies climb before US updates
Ethereum followed suit at $1,771 (around ₹1.69 lakh), while Binance Coin and Solana climbed to $582.25 and $80.32 respectively, showing most major cryptocurrencies are having a good week.
Still, analysts say things could get bumpy soon with big US economic updates coming up; Bitcoin needs to break through $64,000 to keep this momentum going.