Bitcoin dips 1% but $3B ETF inflows support recovery
- —US spot Bitcoin ETFs attracted about $3 billion over eight consecutive sessions
- —August PCE is forecast at +0.4% month-over-month versus +0.2% prior
- —FedWatch puts the odds of an October Fed rate hike at 68%
- —Key support sits at $80,000-$82,000, with $85,000 and $90,000 as next targets
Why it matters: Sustained ETF inflows offset macro risks, but upcoming inflation data will decide whether Bitcoin holds above $82,000.
Source: CoinJournal