Date: 2025-05-11
Key points:Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588.BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand. Select altcoins are showing strength, having broken out of their large basing patterns.Bitcoin (BTC) made a decisive move above the psychologically crucial $100,000 level during the week, signaling that the bulls are back in the game. Buyers are trying to hold on to the 10% weekly gains over the weekend.Bitcoin’s rally has been backed by solid inflows into the BlackRock spot Bitcoin exchange-traded fund (IBIT). According to Farside Investors’ data, the fund stretched its inflows streak to 19 days, with the latest trading week attract...
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