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Bitcoin jumps nearly 5% to cross $85,000 as strong ETF inflows and institutional buying boost crypto momentum

🚀 Bitcoin Casually Blasts Past $85,000

Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated

🚀 OOPS SAYS

Brace yourselves for the sudden return of laser-eye profile pictures and unsolicited financial advice from people who definitely didn't panic-sell last year.

What actually happened

Bitcoin has regained momentum after breaking above key resistance levels, supported by stronger spot ETF inflows, institutional demand and a broader risk-on mood. Analysts expect the rally to face resistance near $89,500, while rising futures open interest and elevated leverage could increase volatility if fresh buying fails to keep pace.

Key points

  • Bitcoin has regained momentum after breaking above key resistance levels, supported by stronger spot ETF inflows, institutional demand and a broader risk-on mood.
  • Analysts expect the rally to face resistance near $89,500, while rising futures open interest and elevated leverage could increase volatility if fresh buying fails to keep pace.

Summary based on data provided by The Economic Times. Full article available at the original publisher.

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