Bitcoin price exceeded $87,000 after breaking the $85,000 resistance. Institutional demand is recovering mildly with $15.85 million inflow into ETFs. Texas Senate Bill 21 aims to establish a Strategic Bitcoin Reserve, with debates set for Wednesday.
Bitcoin (BTC) has surged above $87,000, breaking a key resistance level of $85,000 on Monday. After struggling through multiple rejections last week, BTC’s price reflects an uptick in institutional demand, which witnessed an inflow of approximately $16 million into US spot Bitcoin ETFs. Furthermore, the Texas Senate Bill 21 aims to create a Strategic Bitcoin Reserve, with discussions scheduled in the Texas House for Wednesday.
