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Bitcoin hits highest level since January at $85,000, as the market debates whether the ‘crypto winter’ is over
Short sellers were forced to cover as U.S. spot Bitcoin ETF inflows topped hundreds of millions of dollars, 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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·Surry Hills, Australia
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Cryptocurrency managed to cross the $85,000 barrier
·Vicente López, Argentina
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(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Bitcoin, the top cryptocurrency by market capitalization, has surpassed the $85,000 mark for the first time since late January.
·Seoul, Korea (the Republic of)
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Coverage Details
Total News Sources135
Leaning Left12Leaning Right15Center17Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 27%
C 39%
R 34%
Factuality
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