BTC, ETH Price News: Bitcoin Slips to $83,000 as ZEC Drops 12% and Oil Climbs Again
Rising Treasury yields and $148.7 million in ETF outflows kept bitcoin below $85,000, even after a cooler inflation reading lifted risk appetite.
- Bitcoin failed to hold gains above $87,000 on Monday, slipping toward $86,000 as sellers repeatedly capped upside momentum near the key $85,000 resistance level throughout the week.
- Rising government bond yields, with the 10-year Treasury yield near multi-decade highs of 5.34%, continue to pressure risk assets; volatile oil prices and Middle East geopolitical uncertainty compound the macroeconomic headwinds.
- Data from CoinGlass shows short liquidations exceeding $120 million as open interest climbed to approximately 653,000 BTC; persistent sell orders near $85,700 continue blocking sustained upward breakouts.
- US spot Bitcoin ETFs recorded net inflows of $102.7 million on Oct. 1, though daily volume has cooled since the September peak, with analysts noting sustained institutional demand remains critical for validating the uptrend.
- Analyst Alex Kuptsikevich, chief market analyst at FxPro, warned that sustained trading below $80,000 signals market weakness, though bullish momentum could drive Bitcoin well above $90,000.
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92 Articles
The price of Bitcoin reached a week high on Friday. Shortly before the weekend, the cryptocurrency on the Bitstamp trading platform temporarily rose to 87,219 US dollars (77,199 euros). However, the price fell quickly again: On Saturday the Bitcoin was traded at 84,590 dollars.
Bitcoin price faces $86,500 hurdle as ETF buying returns
Bitcoin price has retreated toward $84,000 after reaching $87,220, while Bitfinex analysts have identified sustained buying above $86,500 as a condition for further gains. Bitfinex’s Analyst Team, in comments provided directly to crypto.news, said renewed U.S. spot Bitcoin ETF inflows…
Bitcoin accelerates on Friday (2) and renegotiates above $86,000, supported by a weaker payroll than expected in the United States and the resumption of ETF entries in view of cryptocurrencies. At around 11:30 a.m., bitcoin rose 3.4% in 24 hours, to $86,124.20, according to CoinGecko. In Brazil, it was traded at R$450.111.24, at 2.88%, according to the CoinTrader Monitor. The American economy created 29 thousand vacancies in September, below 84 …
Bitcoin holds near $84,000 as strong ETF inflows support recovery, spot demand moderates
Bitcoin traded near $84,000 as institutional demand, ETF flows and softer US inflation data supported sentiment, while elevated Treasury yields and cautious spot demand limited gains. Analysts highlighted $82,000-$82,500 support and US jobs data as key near-term catalysts.
Cointelegraph
The New York LedgerBitcoin Trapped Below $86K as PCE Changes Cloud Inflation Reading
Bitcoin held above $83,000 after reversing a rally to $85,600 following lower-than-expected US PCE inflation data.
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