Mmastodon BusinessCrypto first seen 2 h ago, last 2 h ago, peak #4

Bitcoin recovers above $84,000 on ETF demand

Original: Bitcoin (BTC) price inched higher to $84,508.13 after falling below the $84k mark, closely tracking about a 1% rise in t

Bitcoin rose to $84,508.13 after briefly dropping below the $84,000 level, recovering roughly in step with a 1% gain in the total cryptocurrency market capitalisation. Traders attribute the rebound to continued institutional buying of spot Bitcoin ETFs, which has remained a key source of demand even as prices fluctuate around the $84,000 mark.

Why now: Investors are watching Bitcoin's price swings around key levels amid sustained institutional ETF inflows.

Bitcoinspot Bitcoin ETFs

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Evidence

• Bitcoin (BTC) price inched higher to $84,508.13 after falling below the $84k mark, closely tracking about a 1% rise in the total crypto market cap, driven by sustained institutional demand for spot Bitcoin ETFs https:// dmarketforces.com/bitcoin-pric… · MarketForcesA

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