Bitcoin Surges Past $87,000 as ECB Launches Blockchain Settlement System

The Bitcoin price has surpassed $87,000 after an influx of about $2 billion into ETFs over three trading sessions. Liquidity is returning to the crypto market, with stablecoin market capitalization and trading volumes on decentralized exchanges (DEXs) increasing.

However, the market remains uncertain, and CryptoQuant identifies $90,000 as the next significant level for Bitcoin. Other analysts do not rule out a new correction.

A technical glitch on Bitfinex caused anxiety when a perpetual futures contract briefly showed $153,960.

The European Central Bank (ECB) has launched Pontes, a system for settling transactions with tokenized assets, integrating blockchain technology into its operational financial infrastructure.