Markets· ★★★★· neutral·

Bitcoin rebounds from $80,400 as Ethereum uptrend comes under threat

  • —Bitcoin fell to $80,400, a three-week low, before rebounding off its 50-day moving average
  • —US spot Bitcoin ETFs saw over $487 million in net outflows on October 7, the most in 3.5 months
  • —US spot Ethereum ETFs have posted outflows for seven consecutive trading sessions
  • —Crypto market cap slid from $2.83T to $2.72T intraday before recovering to $2.79T
Why it matters: Holding the 50-day average keeps Bitcoin's medium-term trend intact; a break below $77K–$79K would put 2.57 million BTC back in the red.
#BTC#ETH
Source: Bitcoin Insider
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