Bitcoin's bullish momentum is gaining strength as investors anticipate a return to $109,000 and the possibility of spot Bitcoin exchange-traded funds (ETFs) making a comeback. The cryptocurrency has surged 10% in the past week, recovering most of its losses from the December crash. Inflows into U.S.-listed spot Bitcoin ETFs reached $987 million on Monday, the highest since November. This influx of funds has sparked renewed investor confidence and suggests that the correction may be over. The optimism surrounding Bitcoin is also linked to expectations of crypto-friendly policies under the upcoming Trump administration. However, market volatility is expected to remain subdued ahead of the U.S. Nonfarm Payrolls report on Friday, which could impact the value of riskier assets like Bitcoin.
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