Bitcoin Tastes $48,000 As Ethereum And Avalanche Follow, Led By Record ETF Asset Inflows: The Week In Retrospect

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Benzinga

Major cryptocurrencies traded in the green on late Friday evening, propelled by the spot Bitcoin ETF inflows, which recorded its third-best inflow day following the approval. What Happened: Bitcoin surged from $45,349 to briefly cross the $48,000 mark to gain 5% gain in a single day, fueled by spot Bitcoin ETF inflows. Two of the ETFs approved last month rank among the Top 10 Global ETFs by asset flows. In other developments, the Solana blockchain network experienced a five-hour outage, which did not hinder its mid-week rally. Bullish sentiments persist in the analyst community, with Dogecoin …

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