Today, Bitcoin managed to register a positive growth and its value reached close to $90,000. This increase was due to the growth of demand and increased investment in spot bitcoin ETFs in the US, which reached a total of $2.6 billion in the last week. Factors such as improving market sentiment and fear of missing out (FOMO) made retail and institutional investors move towards buying more Bitcoin. Big investments from ETFs like iShares BlackRock and Fidelity also contributed to the boom. This trend also shows the re-welcome of Bitcoin as a safe-haven asset in inflationary conditions.
