Bitcoin price $80,913: why ETF buyers are still in the red

Select what genuinely interests you. Your picks feed directly into our editorial planning. Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam. On the record: Bitcoin trades at $80,913 on Wednesday morning, and the US spot ETFs bought their holdings at an average of roughly $81,500. The price therefore sits just below the entry level of the largest institutional buyer group in the market. Our own assessment follows further down: this line carries more weight on Wednesday than the evening interest rate decision, and the section setting out why closes this article. The price stands at $80,913 on Wednesday morning, measured against CoinGecko market data. Over the past 24 hours Bitcoin has gained 1.72 percent.

First reported by CryptoTicker.io. This page is a short excerpt; the full text is theirs.