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According to The Block’s price page, the price of Bitcoin has risen about 1.5% in the past 24 hours, now worth about $39,300. The price of the volatile cryptocurrency briefly peaked above $39,500 before falling slightly.
Excitement for a Bitcoin spot ETF has led to the largest inflow into the cryptocurrency in two years, according to CoinShares.
In addition to expectations for the ETF, the MatrixPort analyst said it was “inevitable” that Bitcoin would rise above $40,000 after Binance’s recent record-breaking settlement. The recent election of Argentine President Javier Milei has led to the Bitcoin price reaching an all-time high for Bitcoin in that country.
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