Bitcoin surged over 4% following the U.S. Equity market close, trading above 84,000 USD. Earlier, it briefly surpassed 85,000 USD, indicating strong recovery amid risk-taking investor sentiment.
The rise was supported by improved macro stability, with lower-than-expected inflation figures and action by the U.S. Senate to prevent a government shutdown, boosting overall market confidence.
Despite economic uncertainties, institutional investors, including BlackRock’s recent 25 million USD Bitcoin purchase, are reinforcing confidence in Bitcoin. However, experts caution about potential volatility and significant corrections in the near future.
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