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Bitcoin Surges Past $84K as ETF Momentum Persists Amid Yield Pressures

Guavy AI Editorial Team
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BTC
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Bitcoin (BTC) surged past $84,000 on Tuesday, recovering some of its recent losses. The cryptocurrency had touched $85,000 over the weekend before pulling back.

The spot cryptocurrency exchange-traded funds in the US saw combined inflows of $64.8 million on Monday, a significant decline from Friday's $330.8 million haul.

Open interest in Bitcoin futures contracts dropped to its lowest 2024 level at 628,000 BTC, indicating reduced market leverage.

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