Bitcoin dips to $79,000 after 23% weekly surge as ETF inflows top $3 billion

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Bitcoin's price pulled back to $79,000 on Wednesday following a strong seven-day rally of approximately 23%. The decline marks a pause in momentum after a significant short-term price run-up. Despite the price dip, demand for Bitcoin exchange-traded funds remained steady, with August inflows surpassing $3 billion. The sustained ETF interest suggests continued institutional appetite for Bitcoin exposure even as spot prices cooled.

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