Bitcoin Sustains Momentum Near $95,000 Amidst Inflation-Driven Surge
Bitcoin is holding strong around $95,000, slightly below its recent nine-week high, following a significant rally sparked by favorable inflation data. Institutional investment in spot Bitcoin ETFs has soared, reflecting renewed confidence in the cryptocurrency market. However, a key support level at $94,000 must be maintained to prevent a downward correction, as the cryptocurrency faces resistance near its 100-day exponential moving average.
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