Bitcoin Rebounds to $84,000 Amid Stabilizing Treasury Yields and ETF Inflows
Bitcoin reclaimed the $84,000 level after U.S. Treasury yields stabilized following a recent surge.
The price of BTC rose as spot exchange-traded funds continued to attract investors, with U.S. spot Bitcoin ETFs posting about $31 million in net inflows and spot Ether ETFs drawing about $17 million.
Alex Kuptsikevich, chief market analyst at FxPro, noted that Bitcoin found support near its previous high and could climb above $87,000 if bullish sentiment holds.