Bitcoin trades above $81K signalling shift in sentiment, market awaits clear breakout
Bitcoin surged past $81,000, driven by strong institutional demand and short-covering, though experts caution it's not a clean breakout yet. While demand remains robust, significant profit-taking was observed, with Bitcoin holders realizing substantial gains. The cryptocurrency's move above $80,000 signals a shift towards risk-on momentum in the broader crypto market.
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Published by: The Economic Times
Read full article here: https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-trades-above-81k-signalling-shift-in-sentiment-market-awaits-clear-breakout/articleshow/130844528.cms
