On May 14th, Ark Invest emerged as the top-performing ETF with an impressive $133 million, followed by Fidelity with $8 million, and Invesco securing the third position with $6 million. Bitcoin, in the meantime, has made a comeback and is once again leading the bullish charge as buyers battle to push it to $70,000 before June. The cryptocurrency is currently above three key short-term indicators of a bull market: the 20-day exponential moving average (EMA), the 50-day EMA, and the 100-day EMA. The surge in BTC’s value is further supported by the relative strength index (RSI), which has entered the overbought zone at 72. If this indicator continues its upward trajectory, investors can anticipate Bitcoin bridging the gap to $70,000 in the next fortnight.
