Investing.com- Bitcoin saw notable stability on Wednesday, remaining close to its highest level in eight months, supported by improved capital flows into exchange-traded funds (ETFs), which boosted the recent recovery wave for the world’s largest cryptocurrency.

Other cryptocurrency prices also maintained their positive momentum, as investors remained optimistic about regulatory progress in the United States, despite the failure of the Clarity Act to pass through Congress recently.

Bitcoin traded nearly flat at $85,811.40 by 1:01 a.m. Saudi time, after earlier breaking above the $87,000.00 level

$BTC