Weekly Recap: Bitcoin Holds Near $84,500 as ETF Inflows and Rate Hopes Lift Crypto
- —U.S. spot Bitcoin ETFs pulled in roughly $2.4 billion in the week ended September 25
- —Citigroup raised its Bitcoin target from $82,000 to $113,000 and Ethereum to $3,028
- —Strategy bought another 1,665 BTC, bringing holdings to 847,666 coins
- —U.S. employers added just 29,000 jobs in September; unemployment rose to 4.2%
Why it matters: Renewed ETF inflows and weak jobs data cut the odds of a near-term Fed rate hike, supporting demand for risk assets.
Source: CoinCentral