Bitcoin Stabilizes After Reaching New All-Time High, Eyes Strategic Reserves

Bitcoin (BTC) has stabilized after surpassing $86,000 and reaching a new all-time high. Market analysts attribute this rise to the expansion of DeFi applications and increasing institutional interest in Bitcoin as a potential reserve asset. 24-hour trading volume fell slightly, though Bitcoin’s market capitalization reached a record $1.67 trillion. However, the current market momentum is cautious with an RSI near 60 and CMF at 0.02.