Bitcoin’s price increased by about 1.6% to $68,015, supported by a U.S. Supreme Court ruling that struck down tariffs, which positively impacted broader risk assets including stocks and crypto-linked shares. This rise occurred despite persistent outflows from U.S. spot Bitcoin ETFs and concerns over inflation data. Traders are also factoring in upcoming economic data and Nvidia’s quarterly results, which could further influence market sentiment.
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Bitcoin price jumps toward $68,000 as tariff ruling lifts risk mood; ETF outflows linger
Bitcoin’s price increased by about 1.6% to $68,015, supported by a U.S. Supreme Court ruling that struck down tariffs, which positively impacted broader risk assets including stocks and crypto-linked shares. This rise occurred despite persistent outflows from U.S. spot Bitcoin ETFs and concerns over inflation data. Traders are also factoring in upcoming economic data and Nvidia’s quarterly results, which could further influence market sentiment.