Bitcoin (BTC) briefly surged past the $70,000 mark on Wednesday, driven by renewed institutional interest and increasing trading volumes from newly approved U.S.-based Bitcoin spot ETFs. Analysts point to a combination of reduced selling pressure and fresh inflows from retail traders as major contributing factors.
The move marks the first time since March that BTC has tested this psychological resistance level. Market watchers are now closely monitoring whether this bullish momentum can sustain or if a correction is on the horizon.
