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Bitcoin (BTC) is holding comfortably above the six-figure line – and has even brushed against $110,000 – in a move driven by record institutional demand and a more favorable macroeconomic backdrop.
US spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital almost daily, including a $407.7 million net inflow on July 2. At the same time, cooling US inflation and growing odds of a Federal Reserve interest rate cut in Q3 have also motivated investors to allocate more of their funds into risk assets.
