Crypto.com: Inflation and ETF outflows stand between bitcoin and $100K by year-end
- —Spot bitcoin ETFs lost about $838 million over two weeks
- —September CPI rose 3.7% year-on-year versus 3.6% expected; PPI climbed 6.3%
- —Bitcoin needs a roughly 22% gain from $82,000 in about 11 weeks to hit $100,000
- —Strategy bought 250 BTC for $21.5 million, lifting holdings to 848,250 BTC
Why it matters: A rebound in ETF inflows and cooler inflation data will decide whether bitcoin can close the year above $100,000.
Source: TokenPost