Bitcoin Rebounds Above $66K as Institutional Players Disclose BTC ETF Holdings
Bitcoin rose above $66,000 on Friday, reversing a dip below $65,000 the day before. The CoinDesk 20 Index also increased by about 1.4%. Inflows into spot bitcoin ETFs have been positive for four consecutive days, and several institutional players have disclosed significant BTC ETF holdings. Meanwhile, Coinbase has said that Ether has potential to surprise to the upside, due to its lack of significant sources of supply side overhangs and its position as the center of DeFi. The Fantom blockchain's FTM has gained 13% in the past week, thanks to the roll-out of its Sonic upgrade and increases in the total value locked on the protocol.
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