Bitcoin Rebounds From $79,800 Toward $85,000 on $550M ETF Inflows
- —BTC gained about 6% from the $79,800 low, reaching roughly $84,800
- —US spot Bitcoin ETFs took in $526.7 million on October 19 and $23.2 million on October 20
- —BlackRock's IBIT attracted $665.2 million on October 19 and $29.9 million the next day
- —Glassnode sees selling pressure clustered between $85,000 and $87,500
Why it matters: A clean break above $85,000 would put $87,500 and $90,000 in play, while the Fed's October 28 decision remains the key risk.
Source: Coinpaper