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Bitcoin Rises Above $107,000 as ETF Inflows and Corporate Buying Fuel Rally

  • Bitcoin rose above $107,000, driven by institutional demand, corporate adoption, and a technical breakout, signaling confidence in its positive trajectory.
  • Record spot Bitcoin ETF inflows totaling $588.6 million on June 24 strengthened the correlation between institutional demand and price gains.
  • Corporate treasuries like Aurora Mobile and The Blockchain Group allocating funds to Bitcoin, along with regulatory support from Hong Kong, fueled bullish sentiment.
  • Bitcoin's technical breakout above $104,515 and the alignment of macro factors suggest a sustained uptrend, potentially leading to further gains as new capital enters the market.

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