The price of Bitcoin hit an all-time record of $73,283, spurred by an unprecedented $1.05 billion inflow into spot Bitcoin ETFs.

Bitcoin's price has rocketed past the $73K threshold, hitting an impressive $73,283, as the cryptocurrency maintains its upward momentum. This achievement marks the fourth consecutive cycle in which Bitcoin has reached a record high, with its current value comfortably above previous levels. Bitcoin As Bitcoin's price continues to soar, it's showing signs that echo past instances of price peaks, reflecting a shift in investor sentiment as long-term holders transfer their holdings to newer investors. Those who bought Bitcoin at lower prices are seizing the moment to secure profits as the currency climbs higher, facilitating a transfer of wealth to newcomers in the market. $72,000 .

On March 12, the inflow into Bitcoin ETFs skyrocketed to $1.05 billion, coinciding with one of the highest trading volume days for the top 10 Bitcoin ETFs, marking the strongest session in five weeks with $8.5 billion in transactions.

Despite inflation concerns, currently sitting at 3.2% per the US Bureau of Labor Statistics, Bitcoin maintains its resilience, buoyed by institutional interest and favorable market developments.

Moreover, net inflow into spot Bitcoin ETFs Riding comfortably above $72K, Bitcoin appears poised to target the psychological barrier of $80,000, driven by firm buying interest. Technical analysis hints at increasing bullish sentiment and buyer activity in the market.

Investors should exercise caution, however, as Bitcoin's current state indicates it may be overbought, with the Relative Strength Index (RSI) registering at 86. A potential correction could loom on the horizon, possibly dragging prices back to the $60,000 mark if critical support levels are compromised. bullish momentum Please be aware that the information presented here is not intended as legal, tax, investment, financial, or any kind of professional advice. It's crucial to invest only what you can afford to lose and to seek independent financial guidance if you have any uncertainties. We recommend consulting the terms and conditions along with the help and support resources provided by the issuer or advertiser. MetaversePost strives to deliver accurate and impartial reporting, although market situations can change unexpectedly.

Victor serves as the Managing Tech Editor and Writer at Metaverse Post, specializing in areas such as artificial intelligence, cryptocurrency, data science, metaverse, and cybersecurity in the enterprise landscape. With five years of experience in media and AI, gained from reputable outlets like VentureBeat, DatatechVibe, and Analytics India Magazine, Victor is also a Media Mentor at esteemed institutions such as Oxford and USC, holding a Master's degree in data science and analytics, and is passionate about keeping up with emerging trends. market .

He provides readers with the most current and thought-provoking insights from the Tech and Web3 sectors. correction Blum marks its first year with a celebration, winning the titles of 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025.