Bitcoin Rallies Past $71K as Spot ETFs Attract Record Inflows

Institutional interest in Bitcoin surges with over $880 million in spot ETF inflows, driving cryptocurrency prices higher.

Bitcoin's price has risen above $71,000, marking its highest level since May 21.
U.S.-listed spot Bitcoin ETFs saw their second-highest daily inflows ever, with over $880 million on Tuesday.
Fidelity's FBTC led the inflows with $378 million, followed by BlackRock's IBIT with $270 million.
Positive macroeconomic indicators and anticipated interest rate cuts are bolstering bullish sentiment in the crypto market.
Ethereum ETFs are also expected to attract significant investment, potentially drawing $4 billion within five months.