Bitcoin extended its rebound this week, briefly touching $74,000 for the first time in about a month before easing slightly. As of 5:45 am ET, BTC was trading at $73,427, while ether changed hands at $2,158 after also posting strong gains.

The rally marks a sharp turnaround after weeks of weakness that pushed bitcoin into one of its most oversold stretches on record. The broader crypto market followed higher, with dogecoin jumping more than 15% and several other major tokens posting double digit gains.

This story is an excerpt from the Unchained Daily newsletter.

Institutional flows appear to be playing a role. U.S. spot bitcoin ETFs have attracted roughly $1.1 billion in inflows this week, including $462 million in a single day, with BlackRock’s IBIT accounting for about $307 million. The reversal comes after a five week stretch that saw roughly $3.8 billion leave the funds.

Crypto linked equities also surged alongside the market. Coinbase shares climbed about 15%, while Gemini jumped roughly 34%.

The move suggests sentiment may be shifting after February’s selloff, though the real test will be whether bitcoin can sustain momentum above the mid $70,000 range.