Bitcoin Rebounds to $83,800 Despite ETF Outflows
6 Articles
6 Articles
The price of Bitcoin is consolidating around the $83,000 mark. Analysts suggest that a "wait-and-see" game is unfolding in the market amidst the ongoing war in the Middle East and the possibility of future interest rate hikes by the U.S. Federal Reserve (Fed). According to CoinMarketCap, a global cryptocurrency market data site, the price of Bitcoin was recorded at $83,180 as of 8:40 AM on the 14th. 24-hour telegram
Bitcoin around $83.4 thousand waiting for the U.S. ICC, with falling alcoins and future crypt volume falling back 26% in 24 hours
Bitcoin holds above $83,000 ahead of U.S. inflation data as altcoins lag
Bitcoin traded around $83,450 after spiking to $84,000 early in the European morning. The CoinDesk 80 fell 0.6% since midnight UTC while the CoinDesk 20 edged higher, with DeFi tokens the weakest sector. Traders await U.S. CPI, expected to show inflation quickening to 3.6%, after New York Fed…
After falling to the $81,000 range, Bitcoin recovered the $83,000 level, driven by spot buying. This is interpreted as a partial easing of market concerns regarding monetary tightening, as U.S. Federal Reserve officials have shown a cautious stance on further interest rate hikes. According to CoinMarketCap, a digital asset market data provider, as of 7:45 AM on the 14th, Bitcoin was trading at 80,354..., up 1.23% from 24 hours ago.
Bitcoin Holds Above $83,000 as ETF Outflows and Rising Yields Weigh on Market
Bitcoin traded above $83,000 as investors assessed elevated Treasury yields, rising oil prices, and mixed institutional demand. While Strategy added 250 BTC and Bitmine purchased 12,532 ETH, recent Bitcoin ETF outflows and weakness across major altcoins reflected continued caution. Traders are watching US inflation data due on October 14 for signals about the Federal Reserve’s next rate decision.
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