Bitcoin Price Breaches $114K as ETF Inflows Hit 8-Week High

Bitcoin bounced back from Tuesday’s low of $110,714 and topped $114,000 Thursday morning, reaching its highest level since August 24, per CoinGecko data. Its price movement comes as U.S. spot Bitcoin ETFs notched inflows of $757.1 million Wednesday, per SoSoValue, an eight-week high. In total, U.S. ETFs have accumulated $1.39 billion worth of Bitcoin in September. “These inflows were largely driven by the excellent news from the PPI numbers, which came in much better than expected,” DarkFrost, a pseudonym ...