Recent 13F filings show that over 1500 investment firms have disclosed owning around $10.6 billion in Bitcoin ETF shares.

Data shows that Bitcoin selling pressure on the crypto exchange Coinbase is decreasing, which could be conducive to a short-term bounce.

Bitcoin reaches $66,400 as April CPI data shows easing inflation, aligning with market expectations and boosting investor confidence.

Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.

Bitcoin prices are firm, steady above $60,000 despite the ultra-high selling pressure that saw it dump double digits from all-time highs.