Bitcoin tops $86K for third straight week as ETF inflows return
- —Bitcoin hit about $86,850 intraday before settling around $86,300–86,400
- —US spot Bitcoin ETFs drew $102.7 million on October 1, reversing a $148.7 million outflow the prior day
- —BlackRock's IBIT alone attracted roughly $196 million
- —Citigroup lifted its Bitcoin target to $113,000 from $82,000
Why it matters: Renewed institutional demand through ETFs and Citi's upgraded target reinforce Bitcoin's bullish momentum after weeks of outflows.
Source: Crypto Briefing