Bitcoin hits $79400, with a net inflow of $606 million from US spot Bitcoin ETFs

Bitcoin hit $79400 during trading on Friday and then hovered around $78000. The US spot Bitcoin ETF recorded a net inflow of $606 million on Thursday. James Batterfield, head of research at CoinShares, stated that the current uptrend is driven by macro factors, and Bitcoin is highly sensitive to changes in liquidity expectations and actual returns. James Batterfield pointed out that $80000 is currently an important dividing line, and breaking it requires market confirmation that the Federal Reserve's monetary policy is shifting towards easing. Reported by CoinDesk.