Bitcoin shrugs off ETF outflows to trade above $84,000 as oil falls

Bitcoin BTC$84 048,79 is back above $84,000, shrugging off big ETF outflows last week as oil prices slip.

As of this writing, the leading cryptocurrency by market value traded near $84,050, according to CoinDesk, after slipping to around $83,500 earlier Monday. That is close to Sunday’s high of around $84,145. Other major currencies such as ether ETH$2 565,05 and XRP (XRP) were bid, with signs of growing investor interest in tokens other than bitcoin and ether.

“The recovery broadened across major virtual digital assets, with nine of the top ten advancing during the last 24 hours. Avalanche led with a 5.1% jump to $10.91 and Chainlink rose 2.4% to $13.35. Solana added 1.2%, while BNB, XRP, Dogecoin and cardano gained,” Purvang Mashru, lead analyst at BitDelta India, told CoinDesk.

WTI futures began the new week on a soft note, falling 1.8% to $90.28 and reversing the spike on Thursday that injected fresh uncertainty into the market.