Bitcoin Soars Past $87k, But Then Pulls Back as $3.55B Flows into Crypto

Bitcoin ($BTC) pulled back after rising above $87,000 but is currently trading sideways around $83,000. The decline began around the $82,000 level.

Coinshares reported a significant $3.55 billion inflow last week, with Bitcoin receiving $2.52 billion of those funds.

This marks the largest weekly inflows this year and indicates demand is recovering after two weeks of stagnant flows. Investors reacted to changing macroeconomic conditions and the decrease in uncertainty regarding US monetary policy.

The 'buying the truth' trend is consistent with institutional investors' confidence returning, as the policy decision removed a significant source of uncertainty.