The post Bitcoin Surges Past $60K Amid Bullish Market Momentum and ETF Inflows appeared on BitcoinEthereumNews.com.

The broader cryptocurrency market has shifted to a bullish trend, influenced by significant macroeconomic developments. Bitcoin has surged above the $60,000 mark, fueled by substantial inflows into exchange-traded funds (ETFs). Notable movements have been observed among altcoins, with Nervos Network (CKB) experiencing a remarkable 50% increase. Discover the latest developments in the crypto market with Bitcoin surpassing $60K, altcoins rallying, and investor optimism on the rise. Bitcoin Surpasses $60,000 Amidst ETF Inflows The cryptocurrency market saw significant bullish activity recently, driven by impactful macroeconomic factors. Bitcoin (BTC) led the charge, breaking the $60,000 barrier, a 4.21% increase within the last 24 hours. This uptrend is closely associated with the injection of $263.07 million into Bitcoin ETFs as of September 13, pushing BTC’s market cap to $1.19 trillion and raising its dominance by 0.37% to 56.56%. The intraday movement saw BTC hitting a low of $57,650.11 and a high of $60,656.72. Ethereum, Solana, and XRP Also Rally In tandem with Bitcoin, Ethereum (ETH) gained nearly 3% over the past 24 hours, trading at $2,434 with a market cap of $292.89 billion. ETH’s price surged between $2,338.14 and $2,462.80 intraday, bolstered by $1.52 million inflows into spot Ethereum ETFs. Solana (SOL) followed with a 4% rise in value, now priced at $139.60. SOL’s market cap hit $65.35 billion, with intraday fluctuations between $131.86 and $139.83. Simultaneously, XRP saw a 3% increase, trading at $0.5784 and reflecting an increased market cap of $32.59 billion. Other Market Movements: Meme Coins and Top Gainers While mainstream cryptocurrencies surged, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also saw gains of 5% and 4%, respectively. DOGE is currently valued at $0.1071 and SHIB at $0.00001398. Additionally, lesser-known assets like Nervos Network (CKB) reported a significant 59% surge, trading at $0.01411. Bittensor (TAO) saw an 11%…

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Filed under: News - @ September 14, 2024 4:53 am