Bitcoin at $85,837 as ETF outflows persist and market awaits CPI data
- —Bitcoin holds above its 50-, 100- and 200-day EMAs with RSI at 65
- —US spot Bitcoin ETFs recorded $90 million in daily outflows
- —Ethereum ETFs extended outflows to a fifth straight day at $51 million
- —Odds of a Fed rate hike in October fell to about 22%
Why it matters: The CPI print will shape Fed rate expectations and set the near-term direction for Bitcoin.
Source: FXStreet Crypto