Bitcoin reached $71,000 today for the first time in over four months. This is only the third time that the largest cryptocurrency has hit the $70,000 mark, as it reached a new all-time high earlier this year.
The price surge is likely driven by the constant net inflow in Bitcoin ETFs throughout October. According to data from SoSo Value, spot Bitcoin ETFs in the US saw a daily net inflow of $402.08 million on Monday.
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