Bitcoin rises 1% above $84,200 as crypto funds attract inflows

  • Bitcoin rose 1% to above $84,200 as buyers returned near $82,500.
  • U.S. spot bitcoin ETFs attracted about $31 million on Monday.
  • ZEC fell 9% while the lone U.S. ZEC fund recorded an $8 million outflow.

Bitcoin rose 1% to just above $84,200 on Tuesday after buyers emerged near $82,500, while Ether gained 2% to nearly $2,720. The 10-year Treasury yield remained near 5.25% after reaching its highest level since 2007 on Monday. DOGE added 3%, XRP rose 2%, and BNB, SOL and TRX each gained less than 1%; HYPE slipped 1% and ZEC fell 9% to about $1,423. U.S. spot bitcoin ETFs attracted about $31 million on Monday, while ether funds received about $17 million and SOL and XRP funds drew a combined $17 million. The only net outflow came from the lone U.S. ZEC fund, which lost about $8 million. Alex Kuptsikevich, chief market analyst at FxPro, said the cryptocurrency market was cautiously rebounding from last week's lows near $2.83 trillion at $2.87 trillion, but remained in a short-term downtrend below $2.90 trillion. He cited the stronger U.S. dollar and equity-market uncertainty as sources of pressure, while saying Bitcoin had found support near previous highs and could reach new multi-month highs above $87,000 if bullish sentiment persists.

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