Bitcoin is trading above $79,000 as US spot Bitcoin ETFs pulled in $730.9 million in a single day last week, their second-largest daily inflows of the year. The cryptocurrency held near $80,000 despite a stronger-than-expected US jobs report, with $554.2 million in crypto positions liquidated over 24 hours, including $471.4 million in shorts. Bitcoin is up roughly 2 percent for the week and 23 percent for the month, but remains down approximately 28 percent over the past year and 37 percent below the $126,000 high it set last October. Daily trading volume sits near $22 billion, up about 13 percent from the prior session, with the $82,000 resistance level still not cleared.
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