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Bitcoin climbs to $84,737 amid leverage rebound
Bitcoin's market showed a noticeable rebound, with its price reaching $84,737, up by 2.4%. This recovery was supported by the return of leverage through futures contracts and an increased appetite for risk amid a rally in the technology sector and strong profits from companies like SpaceX. Cautious outcomes in the stablecoin industry and rising open trading volume contributed to reinforcing the bullish outlook, as investors monitored the financial flows into Bitcoin funds, which saw approximately $2.3 billion in inflows last month, despite the lack of a similar increase in trading volume.
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