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Crypto

Bitcoin Surges Above $64,800 Amid Institutional Demand and Easing Tensions

Guavy AI Editorial Team
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BTC XRP UNI
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Bitcoin (BTC) has regained ground, trading above $64,800 at press time on Thursday. This surge is attributed to persistent inflows of institutional demand, as spot Exchange Traded Funds (ETFs) have recorded a third consecutive day of inflows this week.

The price action also reflects easing Middle East tensions, which have lifted risk appetite in the market. Despite some volatility, Bitcoin remains above $64,000, testing the bullish breakout of its 50-day Exponential Moving Average (EMA) near $64,660.

Mild recovery in Bitcoin has lifted altcoins, with Pi Network (PI) and Uniswap (UNI) emerging as top performers over the last 24 hours. However, Ripple (XRP) continues to trade under pressure around $1.05, amid a decline that shows no signs of reversing.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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