Bitcoin (CRYPTO: BTC) has begun the second half of the year by rebounding from the $60,000s to as high as $63,700.
What Happened: This upward momentum follows a brief break below the $60,000 support level last Monday and has been bolstered by $73 million in BTC spot ETF inflows on Friday, June 28. This marks the highest daily inflow in two weeks.
The Grayscale ETF (OTC:GBTC) had a single-day outflow of $27.1553 million, while the BlackRock ETF (NASDAQ:IBIT) had a single-day inflow of $82.4255 million.
Ark Invest and 21Shares’ ETF (BATS:ARKB) had a single-day inflow of $42.8 million.
At the time of writing, Bitcoin is trading around $62,750, a 2.4% increase over the past 24 hours.
Seasonal trends also favor Bitcoin’s performance in July.
Historically, BTC has a ...