Bitcoin stalls near $80,000. Stocks and ETF inflows still point to a breakout: Crypto Daily
CoinDesk
Bitcoin faces resistance at $80,000, but sustained institutional ETF inflows and strong equity markets suggest a potential upward breakout.Summary
Bitcoin has pulled back after testing the $80,000 level, a critical psychological barrier for traders. Analysts from Marex note that while the asset faces potential profit-taking, the outlook remains positive due to strong institutional demand, evidenced by over $600 million in inflows into U.S. spot Bitcoin ETFs on Friday. While macroeconomic tailwinds from the AI-driven stock rally support growth, the market remains cautious due to geopolitical tensions in the Middle East and concerns over DeFi security.
(Source：CoinDesk)