Bitcoin tops $66,500 as US crypto rules and ETF inflows boost market confidence
Bitcoin surged above $66,500, its highest level since July, driven by new US crypto regulations and strong spot Bitcoin ETF inflows, including $223.1 million into BlackRock's IBIT. The SEC's Regulation Crypto Assets proposal aims to ease fundraising for crypto firms and clarify asset classifications, while improved liquidity from increased US Treasury bond buybacks and ongoing regulator-crypto firm discussions bolstered market optimism. Bitcoin's technical indicators also turned positive, reinforcing bullish sentiment in the crypto market.
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