Bitcoin ETFs accumulating again

Hello!

I've not been writing for some days because I was very busy. The best part is that Bitcoin has been rising to the point that it's trading at more than $94,000 at the time of writing this words.
There are more good news in the market. Somehow the Bitcoin ETFs started accumulating again. There have been huge inflows for the last week and this helped the price to scale higher.

Blackrock with it's IBIT ETFs has bought more than 1,500 million dollars in just a week. The others like Fidelity with their FBTC and Ark Invest with their ARKB ETF both have bought 700 million dollars each. Which is another 1,500 million dollars of buy pressure in one week.
The bad part is that we came from a period of outflows and this is just a switch in the dynamics. There need to be continued buy pressure for some time if we want to see new all time highs.

I think we will witness all time highs soon. We are still in a bull market right? The sentiment is still low, however we got some relief. Specially the Ethereum hodlers that are now seeing Ethereum trade at $1,800 after touching the 1,400 level some days ago.

There are even more good news. The Federal Reserve announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities. This is related to changes in its expectations for those activities. You can check all the information in this link: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm

I'ts funny to watch how the crypto regulation is moving forward. Now banks will be able to start supporting Bitcoin. Still more regulation needed to guide the traditional financial system towards Bitcoin, but all the pieces are falling. One step at a time.

The time for Bitcoin is now. We will be rewarded for being early.
I hope you have a great weekend.
Stay safe out there!

Posted Using INLEO