Bitcoin slips below $80K as ETF inflows return, but oil and geopolitics weigh
- —Spot BTC ETFs saw $301.2 million in weekly net inflows, plus $110 million on Monday
- —Bitcoin has declined three straight weeks, losing 2.7% over seven days
- —WTI crude reached $103.28 a barrel, its highest since September 15
- —Fed funds futures price a 90% chance of no rate change on October 28
Why it matters: Renewed ETF demand could cushion selling pressure, but rising oil prices and Wednesday's Fed decision will determine whether BTC holds above $78,661.
Source: Invezz