Bitcoin holds at $78,000 as ETF inflows support recovery
Bitcoin
Bitcoin (BTC) price is trading in negative territory on Wednesday, holding around $78,000 and struggling to extend its recovery beyond the $80,000 level. The cryptocurrency's recent strength has been supported by renewed institutional demand and increased activity among large Bitcoin holders, commonly known as whales. However, Bitcoin still faces significant resistance before a sustained recovery can be confirmed. A decisive move above $80,000, followed by a break of the previous swing high near $82,850, could strengthen the bullish outlook. BlackRock's Bitcoin ETF draws interest from whales BlackRock's Bitcoin ETF, IBIT, is attracting increased interest from large Bitcoin holders through in-kind swaps.
BTC
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