Bitcoin tops $86,000 for first time since January, but recovery looks fragile
- —Bitcoin hit $86,349.90, its highest level since late January
- —Up about 5.8% on the day, over 8% in a week and 34% in three months
- —More than $200 million in shorts were liquidated in the hour before the peak
- —US spot bitcoin ETFs drew nearly $2 billion in four trading days
Why it matters: Whether the rally holds depends on fresh buying and progress on the Clarity Act, which the Senate blocked last week.
Source: Bitcoin Magazine NL