Bitcoin Hits $86,000 Putting ETF Investors Back in Profit After $86 Billion Wipeout
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●Bitcoin has surpassed $86,000. This is due to a three-stage chain reaction: a recovery in capital inflows into US physical ETFs, improvements in the regulatory and macroeconomic environment, and large-scale liquidation of short positions... The post Bitcoin surpasses $86,000, but why we can't be completely bullish [X-Win] first appeared on NADA NEWS.
Bitcoin ETF Holders Back In The Black As Price Barrels Towards $87,000
Bitcoin exchange-traded fund holders are back in profit after the cryptocurrency’s latest surge. Posted on X on Monday, Bloomberg ETF analyst James Seyffart wrote that the rally on Monday morning in New York posted the average investor above the estimated ETF cost basis of $81,72 for the first time since January. Bitcoin shot above $86,000 despite key crypto legislation, the Clarity Act, getting blocked last week and the Federal Reserve raisin…
Bitcoin Price Breaks Higher—But One Risk Remains
TLDR Bitcoin price jumped nearly 7% despite the CLARITY Act failing to advance in the U.S. Senate. Bitcoin traded above $86,000 as buyers returned following last week’s political and market uncertainty. U.S. spot Bitcoin ETFs recorded nearly $593 million in combined inflows on Thursday and Friday. Lawmakers remain divided over crypto market rules, ethics provisions, [...]
The largest cryptocurrency reaches peaks of eight months while the fall of oil, the influx of money into ETFs and the forced closure of bearish positions restore the appetite for risk to markets.
CryptoSlate
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin hits $86,000 putting ETF investors back in profit after $86 billion wipeout
Bitcoin’s rally toward $86,000 has pushed US spot exchange-traded fund (ETF) investors back into profit after months underwater. Data from CryptoSlate showed Bitcoin gained about 6% over the past 24 hours, extending its September rebound and briefly trading near $86,000. Bloomberg Intelligence ETF analyst James Seyffart said the move put the average US Bitcoin ETF […]
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