Economy
Bitcoin Climbs Past $84,000 Amid Positive US ETF Inflows
Livemint2h
THE BRIEF
1
Bitcoin surged over 3.7% in early European trading on Monday to reach an eight-month high above $84,000.
2
The price rally followed a return of investor appetite into US spot Bitcoin exchange-traded funds, which attracted $593 million late last week.
3
Traders remain cautious regarding long-term momentum due to macroeconomic headwinds, including elevated US Treasury yields and crude oil prices exceeding $100 a barrel.