Bitcoin ETFs Swing Positive as Token Holds Jump Above $81,000
8 Articles
8 Articles
Bitcoin ETFs Swing Positive as Token Holds Jump Above $81,000
US spot Bitcoin exchange-traded funds recorded chunky inflows at the end of last week, fully reversing earlier outflows and helping to drive the original cryptocurrency back above $81,000 for the first time in a fortnight.
Bitcoin prices have entered a period of consolidation after recovering the $81,000 mark. The price had at one point fallen to the $75,000 range due to U.S. interest rate hikes and the failure to pass virtual asset-related legislation. As of 8:00 AM on the 21st, Bitcoin is trading at $81,159 on CoinMarketCap, a global virtual asset market data site, unchanged from 24 hours ago. The price of Bitcoin... U.S. 'Clarity Act' (virtual
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapUS spot Bitcoin ETFs see inflows as Bitcoin tops $81,000
The inflows into US spot Bitcoin ETFs highlight the asset's volatility and potential for rapid sentiment shifts, impacting broader market dynamics.
Bitcoin was close to $75,000 after the Fed raised interest and the Senate rejected the Clarity Act, which caused $571 million in liquidations
Bitcoin bounces back 4.86% to $81,097 after digesting the failure of the CLARITY Act in the Senate and a leverage reset that triggered settlements for $219 million. The price now testes Fibonacci's key resistance level 0.0% in USD $82.006, with technical indicators showing short-term strength but early over-purchase signals. This report analyzes catalysts, levels and scenarios for investors.
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