Latest Updates in the Crypto Market

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Current Market Prices

Top Stories

• Bitcoin Reaches $70,000 Target: Bitcoin traders are closely monitoring the short-term price target of $70,000 as BTC briefly surged above $66,000 before settling at $65,000. Analysts attribute this rebound to a more optimistic market outlook driven by recent political developments and the commencement of Mt. Gox repayments to creditors.
• Bitcoin ETFs Witness Inflows: Bitcoin ETFs continue their winning streak with $422.5 million in inflows recorded, the highest single-day total since June 5. Leading the pack is BlackRock’s IBIT, which attracted over $260 million. The influx of over $1 billion in the last three days reflects growing confidence in bitcoin’s price trajectory.
• XRP Surges Over 12%: XRP has outperformed other major cryptocurrencies with a 12% jump in the last 24 hours, contributing to the CoinDesk 20 Index’s overall 4.2% increase. The token’s seven-day gains have reached 40%, signifying a significant turnaround in sentiment. Positive announcements regarding XRP indices and reference rates have propelled its recent bullish momentum.

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– Omkar Godbole