Bitcoin hits highest level since January at $85,000, as the market debates whether the ‘crypto winter’ is over
- On Friday, U.S. spot Bitcoin ETFs recorded $433 million in net inflows, while Ethereum ETFs added $143.80 million, signaling renewed institutional demand for digital assets.
- Despite the U.S. Senate failing to advance the CLARITY Act on September 15, the Securities and Exchange Commission and Commodity Futures Trading Commission continued advancing crypto-related policies.
- Fidelity Investments' Wise Origin Bitcoin Fund led institutional inflows with $310 million, while forced buying of leveraged short positions contributed to over $250 million in liquidations.
- Bitwise Chief Investment Officer Matt Hougan described the market as "crypto spring," noting that momentum-driven capital is rotating back from artificial intelligence stocks.
- Bitcoin is approaching $85,638, the breakeven cost basis for U.S. spot Bitcoin ETF holders per Glassnode data, creating a critical psychological threshold traders are monitoring closely.
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Bitcoin jumps to over US$84,800 after ETF flows turn positive
Bitcoin surged near US$85,000 to its highest since late January, extending a sharp rebound as falling oil prices and a broader return of risk appetite helped cryptocurrencies move past setb... Read more at The Business Times.
Bitcoin price today at record high since January, briefly crosses $85,000 amid optimistic sentiment — All we know
Bitcoin price today: The world's largest crypto surged to an eight-month high, climbing 5.1% to $85,222 as improved risk sentiment boosted markets. Other cryptocurrencies such as Ethereum also advanced.
Bitcoin, the Race Starts Again: the Cryptocurrency on the Maximum for Eight Months. What's Behind It
The rise was almost 5% compared to the previous sitting
The "composition"-coded currency jumped to the highest level in 8 months, exceeding $85,000, by supporting improved risk appetite and rolling investment fund flows, with declining oil prices and optimism about the American and Chinese talks.
Bitcoin jumped to an 8-month high above $85,000 <p>Bitcoin rose 5.1% to $85,222, and the crypto market capitalization reached $2.8 trillion. Traders expect the impact of Fed statements.</p>
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