Bitcoin Price Faces a Make-or-Break Test at $93.7K as ETF Demand Rises

U.S. spot Bitcoin ETFs pulled in fresh inflows on Jan. 5 as BTC held above a long running uptrend line near $93,700. Together, the flow data and the chart setup put the market between renewed demand and a key technical floor. Bitcoin ETFs lead, while Ethereum, Solana and XRP also add inflows U.S. spot Bitcoin exchange traded funds took in $697 million in net inflows on Jan. 5, according to data tracked by SoSoValue. BlackRock’s iShares Bitcoin Trust (IBIT) led the group with a $372 million single day net inflow. The dataset also showed a Bitcoin price near $94,177 and total net assets around $123.52 billion on the same dashboard snapshot. U.S. Spot Bitcoin ETF Net Inflows. (Source: SoSoValue/X ) SoSoValue data showed spot Ethereum ETFs posted $168 million in total net inflows on Jan. 5. The same update reported Solana spot ETFs drew $16.24 million, while XRP spot ETFs...

https://coinpaper.com/13557/bitcoin-price-faces-a-make-or-break-test-at-93-7-k-as-etf-demand-rises