Bitcoin Hits $74,000 as BlackRock Pulls in $600M

Bitcoin (BTC) climbed above $74,000 on Monday, reaching its highest level since early February as institutional demand accelerated and short liquidations rippled across the market. The rally came even as geopolitical tensions escalated in the Middle East, with Bitcoin trading higher than where it stood when the conflict began two weeks ago. BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded roughly $600 million in net inflows over the previous five trading days, extending a streak of institutional buying that has helped power the rally. Bitcoin Reclaims Ground, Shorts Liquidated Bitcoin climbed nearly 5% over the past 24 hours, reaching as

Continue reading on DailyCoin.