Bitcoin Bounces Back Above $84,000 as ETF Inflows Continue

Bitcoin bounced back above $84,000 on Tuesday morning after briefly dipping below that level over the weekend.

The price had climbed as high as $85,000 before reversing, but investors seem to be shrugging off the dip, with Bitcoin currently trading at $84,000 and up 1.36% from Monday's close.

US spot crypto ETFs pulled in a combined $64.8 million on Monday, down about 80% from Friday's $330.8 million, but still maintaining their streak of eight straight sessions with inflows.

Rising Treasury yields and ongoing U.S.-Iran tensions are keeping investors cautious, however, as markets price in the possibility of more interest rate hikes from the Federal Reserve.