Bitcoin shows resilience at higher levels, eyes $93K; support lies at $85K

Bitcoin (BTC) has continued its upward momentum, showing strong resilience at higher levels. The flagship cryptocurrency has surged to $88,800, buoyed by another heavy buying from Michael Saylor’s firm, Strategy. The company has announced that it acquired 6,556 Bitcoin between April 14 and April 20, estimated to be worth nearly $555.8 million.

At around 09:35 AM on Tuesday, the world’s largest cryptocurrency Bitcoin was trading at approximately $88,229.97, up 1.04 per cent. The 24-hour trading volume for the flagship currency stood at $38.64 billion, while its market capitalisation was approximately $1.75 trillion, according to data from CoinMarketCap.