Markets· ★★★· neutral·

Bitcoin holds near $81,800 as $442M ETF inflows offset risk-off pressure

  • —Spot BTC ETFs pulled in $442.67 million through Thursday, snapping two weeks of outflows
  • —FINMA approved Switzerland's first spot Bitcoin ETF, BBIT, set to trade on SIX in November
  • —WTI crude topped $100 as fighting between Saudi Arabia and Iran-backed Houthis escalated
  • —BTC sits 35% below its peak; further weakness targets $78,661 and the 50-week SMA at $76,126
Why it matters: Renewed ETF inflows and a new Swiss fund support institutional demand, but geopolitical risk and expensive oil keep a lid on BTC's rebound.
#BTC
Source: FXStreet Crypto
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