Bitcoin Holds Near $86,000 After Third Straight Week of ETF Inflows
- —Bitcoin at $85,790, daily range $85,444–86,930, market cap near $1.72 trillion
- —U.S. spot Bitcoin ETFs posted three straight weekly inflows: $2.39 billion and $82.9 million
- —BlackRock's IBIT has accumulated $65.6 billion in inflows since its January 2024 launch
- —September nonfarm payrolls rose 29,000, unemployment held at 4.2%, cooling Fed hike bets
Why it matters: Steady ETF demand underpins BTC, but without faster creations or a break above $88,000 the market stays range-bound.
Source: The Crypto Times