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Bitcoin rises despite rates and regulation headwinds; ETF investors back in profit

Bitcoin climbed above $86,000, putting spot bitcoin exchange-traded fund investors back in profit based on average cost, a Bloomberg ETF analyst estimated. Bitcoin traded around $86,300 after hitting an intraday high of $86,837, still more than 30 percent below last year’s record $126,080. Spot bitcoin ETFs saw more than $6 million in inflows last week, with about $593 million added over Thursday and Friday.