Bitcoin is showing a strong performance today, with a more than 4% increase, approaching its all-time high after a recent dip below $66,000. This surge comes after significant activity in the cryptocurrency market, with nearly $570 million total net flow in Bitcoin ETFs last week. In fact, on Thursday and Friday alone, Bitcoin ETFs recorded over $200 million in net inflows.

Market sentiment is optimistic, especially with the upcoming fourth halving later this month. The recent halving of Bitcoin Cash (BCH) has further fueled anticipation, as the token’s value surged by 10% and BCH increased by nearly 60% in March.

Traders and analysts are expecting a similar impact on BTC after its upcoming halving. Industry experts such as Anthony Scaramucci of SkyBridge Capital have even predicted that BTC could reach $170,000 in the post-halving bullish cycle.

Bitcoin’s daily trading volume has also increased by 70% today, indicating strong market activity. With the cryptocurrency reaching its previous all-time high of $73,737 a month ago, there is potential for BTC to set a new peak this month.

For more insights and updates on the cryptocurrency market, visit Global Crypto News.

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