Bitcoin Surges to $45,000 Amid ETF Inflows

Bitcoin's price has surged to $45,000 this week, driven by consistent ETF inflows. CoinGecko data shows daily net inflows averaging $500 million, with BlackRock's IBIT contributing $220 million. The 50-day moving average has crossed above the 200-day, indicating a strengthening bullish trend.

Current market capitalization exceeds $850 billion, with BTC/USD trading at $44,850 as of market close. 24-hour volume stands at $22 billion, supporting the upward trajectory. Key support remains at $42,000; a break below this level could trigger short-term corrections.