As bitcoin surged to a fresh all-time high Tuesday, BlackRock’s bitcoin ETF clocked a record $788 million in inflows. 

Bitcoin topped $69,170 Tuesday morning in New York, the highest recorded price in more than two years. The largest cryptocurrency posted a mild correction later in the day, losing as much as 14% to just briefly dip just below $60,000, but analysts say the expected pullback is no reason to panic. 

“If yesterday’s moves permanently scared away many who do not want this kind of action in their portfolios, then that is good news for them and for the market,” Noelle Acheson, author of the Crypto is Macro Now newsletter, said. “The damage could have been worse had…

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