Bitcoin Price Prediction as Spot BTC ETF Inflows Slow Amid Bitget Hack
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The U.S. Bitcoin ETFs remain in the green, but the pace has changed significantly. After a record of 998.9 million dollars of entries on Monday, the flows fell to 190.7 million on Thursday, September 24, a decline of about 81% in three sessions. The series remains positive: six consecutive days of entries have brought more than 2.8 billion dollars to the funds. Bitcoin, on the other hand, has gone down around 83,800 dollars after exceeding 87,00…
●Despite a $2.8 billion in ETF inflow over six days, Bitcoin (BTC) fell below its 7-day moving average, dropping to a low of $83,160 on September 25th. ● ... The post Bitcoin falls below 7-day moving average – Impact of concentrated ETF buying and Bitget hacking [Price Analysis] first appeared on NADA NEWS.
Bitcoin finished the week higher, overshadowed by rising US bond yields and the major cyberattack on Bitget. Having surpassed $87,000 during the week, Bitcoin was trading at around $83,970 on Saturday morning.
Bitcoin Price Prediction as Spot BTC ETF Inflows Slow Amid Bitget Hack
Key Insights Bitcoin price traded near $84,700 on Sept. 25 after retreating from Monday’s high above $87,000. The pullback coincided with rising U.S. Treasury yields and slower spot Bitcoin ETF inflows. Bitget’s $351.6 million security breach also added another risk factor for crypto traders. CoinMarketCap showed BTC recovering slightly from its Sept. 24 close near […]
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