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Bitcoin Surges Past $86,000 as Institutional Demand via ETFs Drives Price Increase

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Bitcoin's price surged to $86,061 in a 24-hour period, marking a 1.77% increase and extending its recovery above key resistance.

The cryptocurrency market as a whole rose 1.33% to reach a value of $2.92 trillion, backed by institutional pressure via spot Bitcoin ETFs.

Ethereum's price reached $2,800 for the first time since January 2026 before easing from its peak, while XRP defended higher support levels.

The Crypto Fear and Greed Index increased to 78, indicating Extreme Greed, which was the strongest investor sentiment recorded in over one year.

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