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Bitcoin hits highest level since January at $85,000, as the market debates whether the ‘crypto winter’ is over
Institutional ETF buying and a wave of short liquidations pushed Bitcoin to its highest level since late January, traders 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.
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Bitcoin jumps to over US$84,800 after ETF flows turn positive
Bitcoin surged near US$85,000 to its highest since late January, extending a sharp rebound as falling oil prices and a broader return of risk appetite helped cryptocurrencies move past setb... Read more at The Business Times.
·Singapore, Singapore
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Bitcoin price today at record high since January, briefly crosses $85,000 amid optimistic sentiment — All we know
Bitcoin price today: The world's largest crypto surged to an eight-month high, climbing 5.1% to $85,222 as improved risk sentiment boosted markets. Other cryptocurrencies such as Ethereum also advanced.
·New Delhi, India
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Total News Sources110
Leaning Left11Leaning Right10Center14Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 31%
C 40%
R 29%
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