Bitcoin

Bitcoin (BTC) Briefly Surpasses $70,000 as GameStop Mania Stimulates Crypto

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6 months ago

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Bitcoin It briefly topped $70,000, with crypto investment products seeing inflows for the fourth week in a row and the latest GameStop frenzy driving memecoin speculation.

Crypto asset inflows totaled $185 million in the week to May 31, according to CoinShares International Ltd. Investors in May sent $2 billion into digital asset investment products, including Bitcoin exchange-traded funds. Bitcoin briefly surpassed $70,000 on Monday morning for the first time in a week, while most other cryptocurrencies were mixed after an initial surge.

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