Bitcoin’s price might have receded a little from $64,000, but there are plenty of reasons to be positive today. Firstly, the US-based spot Bitcoin ETFs have seen their biggest day of inflows in over a month, with back-to-back trading days north of $200 million in overall inflows. Secondly, one analyst is convinced that we’re about to enter “Bitcoin batshit season,” which sounds wild even if you’re not clear on what it means. Thirdly, Bitcoin millionaires, multimillionaires, and even billionaires have all surged in the past year, each indicating a changing approach to the asset. Elsewhere, the US SEC has charged two brothers over an outlandish crypto Ponzi scheme, PayPal’s PYUSD stablecoin hits a $1 billion market cap, and women see men in crypto as less attractive than stamp collectors — wait, what?
Further reading:
- BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses
- Bitcoin poised for $150K ‘batshit season’ but sellers could dent rally
- Bitcoin millionaires surge 111% in a year amid crypto rally
- SEC charges siblings over $60M Ponzi touting crypto trading bot
- PayPal’s PYUSD stablecoin hits $1B market cap
- Men in crypto less attractive to women than cosplayers, anime buffs: Survey