Bitcoin failed to maintain its breakout above $85,000, retreating below $84,000 as spiking government bond yields and recovering stock markets followed the release of the August PCE inflation report.
Bitcoin recently surged to an eight-month peak near $87,400, but weakening spot demand, declining ETF inflows, and rising profit-taking suggest the market faces a cooling phase and shifting liquidation risks.
Bitcoin hovers near a crucial valuation threshold that could push the average exchange-traded fund buyer back into losses ahead of upcoming United States inflation and economic data releases.
Institutional demand for US Bitcoin ETFs cooled to $31 million on Sept. 28, marking a sharp decline as Bitcoin stalls below a heavy supply wall between $84,000 and $85,000.
Altcoin spot volume surged to nearly four times that of Bitcoin as retail traders liquidated Bitcoin to fund altcoin investments, even as U.S. spot Bitcoin ETF inflows experienced a consecutive…
August already felt the disruption; Thursday’s September factory survey and Friday’s payrolls test what follows. The post Bitcoin’s $85,000 test comes as Wall Street gets two different inflation stories appeared…
Michael Saylor's Strategy has made back-to-back weekly Bitcoin purchases for the first time since June, pushing its total reserves to a record 847,666 BTC while also executing major buybacks for…
