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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84 Articles
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 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>
Bitcoin surged to $84,000 during the day, reaching its highest level in 8.5 months. Having gained approximately 15% in value over the past month, Bitcoin's rise was supported by institutional demand, inflows into exchange-traded funds (ETFs), and positive regulatory developments.
On Monday, the cost of bitcoin rose above $85,000, reaching that point for the first time since January 29. On the largest cryptoval exchange, Binance Bitcoin increased by 5.59% per day. As at 12:43 msk, its price was $85,020.66 and RIA News. Earlier on Monday, Bitcoin exceeded $84,000 for the first time since January. Last month, the cost of bitcoin reached $80,000 for the first time since spring.
Why Is XRP Up Today? $300 Million in Shorts Liquidated as Bitcoin Surpasses $84,000
Bitcoin just blew past a price level it had not touched in months, and the ripple effect forced exchanges to trigger a massive chain reaction that sent XRP surging well ahead of the market. The real question is whether anything is actually holding that price up.
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