Bitcoin (BTC) Briefly Tops $70,000 With GameStop Mania Spurring Crypto

Bitcoin briefly topped $70,000, with crypto investment products seeing inflows for the fourth consecutive week and the latest GameStop frenzy driving memecoin speculation.

Crypto asset inflows totaled $185 million in the week through May 31, according to CoinShares International Ltd. Investors in May in have sent $2 billion into digital-asset investment products including Bitcoin exchange-traded funds. Bitcoin briefly went above $70,000 earlier on Monday, the first time in a week, while most other cryptocurrencies were mixed after an initial increase.

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