Bitcoin hits highest level since January at $85,000, as the market debates whether the ‘crypto winter’ is over
BlackRock and Fidelity led $999 million in ETF inflows as more than $920 million in bearish positions were liquidated, analysts said.
- 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.
233 Articles
233 Articles
Bitcoin holds near $86,000 as spot Bitcoin ETF inflows hit 11-month high of $999 million
Bitcoin traded near $86,000 after US spot Bitcoin ETFs recorded nearly $999 million in single-day inflows, their strongest in 11 months. Institutional demand and short liquidations supported the rally, while analysts watched $89,000 as a potential trigger toward $100,000.
der Standard AT
der Standard DEAfter a year of losses, Bitcoin is back in the upward trend. How long it lasts remains uncertain in view of the difficult world situation
Despite its recovery, the cryptocurrency is far from its record high.
Bitcoin's current movement isn't driven by just one factor. Institutional investor interest is resurgent, as is sentiment toward digital assets.
The price of Bitcoin has climbed to the highest level since the beginning of the year thanks to inflows in Bitcoin ETFs on Monday. On the Bitstamp trading platform, the oldest and best-known cryptocurrency was temporarily traded at US$85,248 (about EUR74,400), almost five percent more than the previous day and the highest level since the end of January.
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