Bitcoin rises above $91,000 level; Dogecoin, Chainlink jumps up to 5%
Bitcoin (BTC) experienced a dip over the weekend, falling to $88,700. However, the cryptocurrency saw renewed buying interest on Tuesday, climbing back to $91,400.
As of 11:05 am IST, Bitcoin had gained 0.8%, trading at $91,454, while Ethereum rose 0.38% to $3,126 over the past 24 hours.
«Bitcoin has established its strength by trading at about $91,400, stabilizing at the $91,000 level,» said Shivam Thakral, CEO of BuyUcoin. «MicroStrategy's strategic acquisition of 51,780 BTC has undeniably increased investor confidence and led to strong buying demand.»
Thakral also noted that institutional acceptance of Bitcoin ETF inflows presents a positive outlook, with the potential for new record highs.
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View Details»Edul Patel, Co-founder and CEO of Mudrex, said, «Bitcoin continues to trade within a range of $89,000 to $92,000 as the market looks for a catalyst. With news that Bitcoin ETF Options could start trading soon, investors are waiting for a confirmation that could add momentum to the rally.»
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