Bitcoin’s price dropped slightly Saturday — but it still held above $70,000. US Bitcoin ETFs took in over $760 million in new cash from investors. The stock market took a hit Friday — but the crypto market remains strong. Bitcoin’s price held steady above $70,000 Saturday — despite a 24-hour dip — as the US continued bombing Iran.
The price was buoyed by net inflows into the US exchange-traded funds over the week: American investors threw over $763 million of fresh cash at the investment vehicles, the highest amount since January. Bitcoin was recently trading hands for $70,768, a drop of 4% over the past day. Over the past week, the leading cryptocurrency has shot up by 4% and is up by 12% since touching a low of $63,177 the day the US and Israel attacked Iran.
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