Bitcoin jumps nearly 5% to cross $85,000 as strong ETF inflows and institutional buying boost crypto momentum
Bitcoin has regained momentum after breaking above key resistance levels, supported by stronger spot ETF inflows, institutional demand and a broader risk-on mood. Analysts expect the rally to face resistance near $89,500, while rising futures open interest and elevated leverage could increase volatility if fresh buying fails to keep pace.
Key Takeaways
- Bitcoin has regained momentum after breaking above key resistance levels, supported by stronger spot ETF inflows, institutional demand and a broader risk-on mood.
- Analysts expect the rally to face resistance near $89,500, while rising futures open interest and elevated leverage could increase volatility if fresh buying fails to keep pace.
- Full details and original dispatch available below.
Bitcoin has regained momentum after breaking above key resistance levels, supported by stronger spot ETF inflows, institutional demand and a broader risk-on mood. Analysts expect the rally to face resistance near $89,500, while rising futures open interest and elevated leverage could increase volatility if fresh buying fails to keep pace.
Original Publisher Attribution
This summary was curated from Economic Times.