News View Non-AMP

US Bitcoin ETFs Boom with $263M Inflows as Bitcoin Soars 12% Above $60K: Will This Sustain?

Published by
Anjali Belgaumkar

On Friday, U.S. spot Bitcoin Exchange Traded Funds (ETFs) saw a significant inflow of $263 million—the largest one-day increase since July 22. This surge in inflows occurred as Bitcoin climbed above $60,000, marking a 12% rise over the past week.

Fidelity’s Bitcoin ETF (FBTC) led the way, attracting approximately $12 million in new investments, pushing its total weekly inflows to impressive levels. This comes after two consecutive weeks of negative performance, during which the fund experienced outflows. Other Bitcoin ETFs, such as ARK Invest and 21Shares’ Bitcoin ETF (ARCB), also saw strong inflows, ending the day with around $99 million in net gains. 

The broader cryptocurrency market also experienced gains, with Bitcoin’s price rising from $54,600 at the start of the week to over $60,600 by Friday. Speculation suggests that the recent surge in Bitcoin and other cryptocurrencies could be driven by expectations of an upcoming interest rate cut by the U.S. Federal Reserve. 

Bitcoin Price Prediction: How Will This Week Start?

According to analyst Josh of Crypto World,  Bitcoin continues to show a short-term bullish trend, despite being part of a larger bearish trend. Over the past day, there hasn’t been a  shift in the overall trend, as Bitcoin is still forming lower highs and lower lows on the larger timeframes. However, on shorter timeframes, Bitcoin is showing a temporary bullish trend, which has been ongoing for nearly a week.

At present, Bitcoin is approaching a critical resistance level between $60.2k and $61.2k. The analyst noted that after Bitcoin broke above $57,000 and confirmed this as a support level, the bullish sentiment grew stronger, pushing the price towards higher resistance levels. The price faced only minor resistance at $59.5k before advancing toward the current resistance zone, where it is now struggling.

If Bitcoin breaks above $61.2k, the next resistance levels lie at $63k and $64.5k, according to the volume profile indicator. On smaller timeframes, Bitcoin has invalidated a previously expected bearish divergence, continuing its bullish momentum sooner than anticipated.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Crypto News Today: Bitcoin Eyes $132K After Holding Above $118K

Bitcoin is holding steady above $118,000 despite the recent ups and downs in the market.…

July 27, 2025

Can XRP Price Hit Four Digits in 2025?

Could XRP really reach $1,000? While this may sound far-fetched to many, Jake Claver, director…

July 27, 2025

XRP, Sui, and Pudgy Penguins Set to Hit New All-Time Highs Next Week: Top Altcoins to Watch

The crypto market is starting to go more mainstream, especially after the new GENIUS Act…

July 27, 2025

Crypto Regulations in the USA 2025

The US crypto regulation has changed dramatically in 2025, with the Trump administration adopting a…

July 26, 2025

Algorand Price Prediction 2025, 2026 – 2030: Will ALGO Price Hit $1?

Story Highlights The live price of the Algorand is Price predictions suggest ALGO could reach…

July 26, 2025

Avalanche Price Prediction 2025, 2026 – 2030: Will AVAX Price Hit $100?

Story Highlights The live price of the Avalanche is . Price predictions for 2025 suggest…

July 26, 2025