CRYPTO TODAY: BTC PRICE SURGES PAST $87K, ETH AND SOL SHORTS FUEL $235M In LIQUIDATION.
.png)
Cryptocurrency market capitalization stabilizes at $2.8 trillion on Wednesday, after shedding 1.2% over the last 24 hours.
Bitcoin price surges above $85,000 as the ongoing stablecoin bill review in the US Congress boosts market sentiment.
Bitcoin ETFs shed $157.8 million on Tuesday, posting the third successive day of outflows.
The cryptocurrency market capitalization currently stands at $2.82 trillion, reflecting a 1.2% decline in the last 24 hours. Key drivers include fresh Bitcoin acquisitions by institutional players and anticipation for the United States (US) Congress stablecoin legislation review, which enters its second day on Wednesday.
Bitcoin market updates:
Bitcoin opened trading at $85,158 on Wednesday before surging 2.4% to hit a high of $87,300.