Bitcoin Takes Bull Breather

Bitcoin ETFs registered $556 million in inflows on Monday, their highest in over four months. Fidelity’s FBTC led the way with gains of $239 million, while Bitwise’s BITB was a distant second with $100 million. The inflows marked a multi-month high for bitcoin ETFs, as the last time they registered higher gains was on June 4, when they hit $886.75 million. This also preceded the last time bitcoin eclipsed the $70,000 mark on June 6, suggesting BTC is primed for further gains. Traders on Polymarket are offering a 64% possibility of bitcoin reaching another all-time high in 2024, which is nine percentage points higher than a week ago.