Bitcoin Retakes US$80,000 as Choppy U.S. Demand Tests the Rally
7 Articles
7 Articles
Bitcoin stumbles below $80,000 despite the weak demand of American investors and the vagaries of trading fund flows, amid fears of raising US interest and a projected price ceiling of $83,000 to $86,000.
Strategy, Coinbase stocks rally as Bitcoin reclaims $80,000
Strategy Inc. (formerly known as MicroStrategy) MSTR and Coinbase Global Inc. COIN shares surged on Thursday as Bitcoin rebounded above the $80,000 level, lifting several crypto-linked stocks. Strategy shares gained more than 15%, while Coinbase stock rose more than 10% to trade above $193. The broader rally followed a sharp recovery in the cryptocurrency market, with Bitcoin climbing nearly 5% over the past 24 hours to $80,982.09. The move in c…
Bitcoin is still unable to make a convincing break above the $80,000 level as demand from US investors remains volatile, raising questions about the duration and momentum of the latest bullish wave. While inflows into US spot Bitcoin ETFs have strengthened during August, the overall data still paints a mixed picture. In the past week alone, exchange-traded funds have seen two days of strong outflows, while another key indicator of US demand cont…
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin Breakout Fades Amid Choppy US Demand, Hawkish Fed
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