Bitcoin Smashes Through $87,000 Barrier on Renewed ETF Buying
Bitcoin has surged to an 8-month high of over $87,000 as the crypto market continues its rally. According to CNBC-TV18, renewed buying in US spot Bitcoin ETFs and short covering are driving this latest move.
Anshul Majumdar explained that stronger global risk sentiment is also contributing to the surge. He noted that these factors are pushing Bitcoin's price above $87,000.