In brief
- Bitcoin is up about 6.8% in 24 hours to $72,800, though it remains about 42% below its October all-time high following a months-long downturn.
- Nearly $700 million flowed into U.S. spot Bitcoin ETFs across Monday and Tuesday, reversing four months of steady outflows, according to BTC Markets.
- Analysts are hopeful developments including Kraken’s access to Federal Reserve payment rails and renewed legislative momentum in Congress could signal a structural turning point for crypto.
Bitcoin’s latest rebound is prompting investors to reassess the forces shaping the crypto market, as policy momentum in Washington and rising geopolitical tensions converge with signs that the worst of the recent selloff may have passed.
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