Bitcoin leads a broad crypto rally, climbing past $85,000 as institutional ETF demand and bullish options positioning drive the market to its highest valuation since January.
Bitcoin surged to an eight-month high above $85,000 on renewed ETF demand, short covering, and bullish options positioning.
Ether rose more than 4.3% to $2,747 as part of a broad cryptocurrency advance.
XRP posted gains alongside other major cryptocurrencies in a broad risk-on move.
Solana posted gains alongside other major cryptocurrencies in a broad risk-on move.
Monero posted gains alongside other major cryptocurrencies in a broad risk-on move.
Bitcoin surged to an eight-month high of $85,222, fueled by robust ETF inflows and aggressive short covering. The broader cryptocurrency market capitalization climbed to $2.8 trillion as investors embraced risk-on sentiment, bolstered by falling oil prices and positive regulatory signals.
The rally is driven by accelerating ETF inflows, favorable regulatory signals, and traders covering short positions, alongside a broader market appetite for risk assets.