Bitcoin has continued its positive start to the week, currently up 2% over the last 24 hours. The leading cryptocurrency briefly touched the $75,988.40 mark during the Asian trading session on Tuesday. However, it has slightly retraced and is now trading at $74,700 per coin. Institutional demand supports the positive outlook, as spot Exchange-Traded Funds (ETFs) recorded their third consecutive week of inflows amid the ongoing US-Iran conflict. Bitcoin’s breakout could push it towards the Transactional Liquidity (TLQ) above $79,000 in the near term. Institutional demand drives BTC’s price Bitcoin has been rallying over the past two weeks, driven by growing institutional demand for spot Bitcoin ETFs. According to SoSoValue data, spot Bitcoin ETFs recorded inflows of $767.
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