Bitcoin shrugs off ETF outflows to trade above $84,000 as oil falls
Bitcoin is holding on to its weekend gains as oil trades lower. ETFs lost over $600 million in outflows last week.
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Summary
- Bitcoin rebounded to nearly $84,000 as oil prices declined, while most other major cryptocurrencies also advanced.
- U.S.-listed spot bitcoin exchange-traded funds recorded $681 million in outflows last week, their largest weekly withdrawal since June.
- Analysts identified $82,000 as a key support level and said U.S. inflation data due Oct. 14 could be the market’s next major catalyst.
