Bitcoin climbs to $85,398 as market cap adds 4% to $3.01T
- —Bitcoin at $85,398: up 4.9% in 24 hours and 10% on the week, above $87,000 intraday
- —Global crypto market cap rose 4% to $3.01 trillion
- —Spot Bitcoin ETF inflows approached $999 million
- —Strategy bought 950 BTC, lifting holdings to 846,000 BTC
Why it matters: The rally is driven by record ETF inflows and Strategy's purchases, squeezing short sellers.
Source: Coin Edition