Bitcoin holds below $85,000 as SEC custody proposal boosts institutional outlook

Investing.com -- Bitcoin held below $85,000 on Friday after briefly topping $87,000, with a new U.S. Securities and Exchange Commission proposal on crypto custody adding to expectations of broader institutional participation. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » Bitcoin was trading at $84,612.4 as of 21:55 ET (01:55 GMT), down 0.35% after reaching an intraday high of $87,219, its first move above $87,000 since Sept. 23. The cryptocurrency remained higher on the day after spending much of the previous session around $84,500 to $85,000.