Update
Bitcoin Holds Above $84,000 as Oil Prices Slip
Bitcoin has recovered from the $83,500 level earlier in the week, trading above $84,000. The cryptocurrency has shrugged off significant outflows from Bitcoin ETFs, which lost over $600 million in outflows last week. Oil prices have also declined, with WTI futures falling to $90.28. Analysts suggest that the global macro backdrop remains challenging, with the U.S. inflation data expected to be a significant factor in the coming weeks. Other major cryptocurrencies such as Ethereum and XRP have also seen some growth, with Avalanche leading the pack with a 5.1% jump to $10.91 and Chainlink rising 2.4% to $13.35.