"Cryptocurrency assets continue their rally as bitcoin spot ETFs hit a record high" according to Simon Peters
Cryptocurrency markets have maintained their bullish momentum, adding over $140 billion since last Monday.
Bitcoin, in particular, has marked another "higher high," reaching $69,000, a price level not seen since late July.
Last week was one of the largest in terms of net inflows since the launch of bitcoin spot ETFs, reaching $2.13 billion, which has undoubtedly helped the price of bitcoin rise.
In addition, bitcoin spot ETFs in the US reached a major milestone last week, totaling $20 billion in net inflows since their launch. To put that into context, it took gold ETFs roughly five years to reach that figure, according to Bloomberg ETF analyst Eric Balchunas.
Weekly jobless claims, along with manufacturing and services purchasing managers' index (PMI) data due Thursday, could spark volatility in cryptocurrency markets if actual numbers deviate significantly from forecasts.
