Bitcoin Surges to $79,000 as US Liquidity Measures and ETF Inflows Counter Recession Fears
Crypto market cap hits 11-week high; traders weigh further gains against potential correction
En resumen
- Bitcoin climbed to $79,000 and Ether reached $2,400 as the total cryptocurrency market cap surged to an 11-week high.
- US government bailout plans and a currency swap line with the UAE are easing global liquidity fears, while Bitcoin ETF inflows hit $1.54 billion over six consecutive days.
- Despite recession risks and elevated oil prices from the Iran war, bullish momentum continues with miners seeing highest profitability since January.
Resumen generado por IA
Bitcoin climbed to $79,000 and Ether reached $2,400 as the total cryptocurrency market cap surged to an 11-week high. US government bailout plans and a currency swap line with the UAE are easing global liquidity fears, while Bitcoin ETF inflows hit $1.54 billion over six consecutive days. Despite recession risks and elevated oil prices from the Iran war, bullish momentum continues with miners seeing highest profitability since January.






