Bitcoin Powers Toward $79,000 Rally on ETF Inflows and Liquidity Surge
Bitcoin surged toward $79,000, with Ether hitting $2,400, as crypto markets rallied amid US liquidity measures and record spot Bitcoin ETF inflows totaling $1.54 billion over six days. The strong launch of Morgan Stanley’s Bitcoin Trust, reaching $145 million in assets under three weeks, alongside rising miner profitability, bolstered BTC's appeal and reduced sell pressure. A record Nasdaq-100 and Brent crude's 9% two-day spike from Iran tensions fueled risk appetite, though macro risks like recession and geopolitics loom. Overall, bulls maintain control in this liquidity-driven advance.