Bitcoin Holds Gains Above 50-Day EMA Amid Renewed Institutional Demand
Bitcoin has maintained its recent gains above the 50-day Exponential Moving Average (EMA) at $64,300 on Tuesday. This follows a 2.5% increase in price the previous day.
The recovery is supported by renewed institutional demand, with over $137 million in spot ETF inflows recorded on Monday. However, persistent Middle East tensions continue to weigh on broader risk sentiment, limiting Bitcoin's upside.
On the corporate front, Strategy announced an increase of its USD Reserve by $150 million, bringing total reserves to $4.80 billion. The company also repurchased $132 million of STRC shares under its Digital Credit Securities Repurchase Program.