Markets· ★★★★· bullish·

Bitcoin back above $87,000: what needs to happen before $100,000

  • —US spot Bitcoin ETFs drew $714 million in a day, led by IBIT at $350 million and FBTC at $257 million
  • —Strategy bought 950 BTC for $75.7 million, lifting holdings to about 846,000 BTC
  • —BTC holds above its 50-week moving average and the $82,300 breakout level
  • —Fed's Barkin said inflation remains too high and left further rate hikes on the table
Why it matters: Holding above $82,300 keeps $100,000 in play, but a reversal in ETF inflows or a jump in Treasury yields would weaken the rally.
#BTC
Source: Invezz
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