Crypto
Bitcoin Hits New Highs as ETF Inflows Fuel $85K Hopes
Bitcoin's price has surged to near $80,000 as strong ETF inflows and positive market sentiment boost hopes for reaching $85,000. The global crypto market cap has reached $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB.
The recent surge is fueled by the U.S. Treasury's decision to start an active debt buyback program on September 7, which could improve market liquidity and support rallies in Bitcoin and other cryptocurrencies.
Meanwhile, institutional demand remains strong, with U.S. spot Bitcoin ETFs seeing $175 million in net inflows recently, supporting a possible rally above $82,000 toward $85,000.