Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin (BTC) moving above $86,000. Ethereum (ETH) has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple (XRP) hovers near $1.54, as bulls tighten their grip for a breakout toward September highs of $1.66.
“Institutional demand remains the foundation of the move. Spot Bitcoin ETF flows are still positive, although less aggressive than earlier in the quarter, while options markets reflect some caution heading into Friday’s payrolls report,” Crypto Finance said in an emailed report, adding, “demand for downside protection has picked up, but positioning remains far from defensive.”
