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Bitcoin Nears $80,000 as ETF Inflows Turn Positive and Strategy Buys $3.9B
Bitcoin is approaching $80,000 for the first time since January as traders track a recovery tied to short covering and institutional demand. Bloomberg data shows investors added about $2 billion to Bitcoin ETFs over the past month, and net flows turned positive in March for the first time in four months. Bloomberg’s compilation of company data shows Strategy bought $3.9 billion worth of Bitcoin so far this month.