Bitcoin kicks off October near $84K as traders eye another 'Uptober'
- —October has been positive for BTC in 10 of the last 13 years, with average returns above 19%
- —August PCE rose 0.3% vs 0.4% expected, briefly pushing BTC to $85,600
- —10-year US Treasury yields climbed back to 5.3%, pressuring BTC
- —US spot bitcoin ETFs logged nine straight days of inflows totaling $3B, but saw $150M in outflows on Sept. 30
Why it matters: Seasonal trends and softer inflation support bullish hopes, but the upcoming US jobs report will shape Fed rate expectations and near-term BTC direction.
Source: BTC-ECHO