Bitcoin: Price Shoots to $84,000 - Why the Market Suddenly Buys Bad News
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Bitcoin surged above $84,000 on Monday and was last quoted at around $83,845 – a daily gain of more than 3.5%. The rally comes despite two challenges: The Fed raised its key interest rate by 25 basis points to 3.75% to 4.00%, while the CLARITY Act failed to secure the necessary 60-vote threshold in the Senate. After $746.3 million in outflows from US spot Bitcoin ETFs over two days, there were subsequently $484.1 million in net inflows – institutional buyers are returning. Bitcoin is showing a remarkable sign of strength today....
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