American Bitcoin ETFs have just broken a streak of nine consecutive sessions of inflows. On September 30, the funds recorded 148.7 million dollars in net outflows.
The 10-year yield fell to 5.251% after reaching 5.342%, its highest level since April 2002. Bitcoin was up 0.6% as it held near recent hourly lows.
Bitcoin has surrendered a post-inflation rally above $85,500 to trade around $83,500, according to ViaBTC's Jeff Ko, as analysts have identified $82,000 as the key support level entering October.
US bond yields fell sharply around Thursday's Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.
Wall Street banking behemoth Citigroup has bumped up its Bitcoin target to $113,000 over the next 12 months.
Altcoin volume has surged fourfold against Bitcoin, prompting Doctor Profit to take profits and reduce exposure amid rising leverage.
Bitcoin Policy Institute challenged MSCI's proposed non-operating-company screen, arguing its definition of operating assets leaves excessive room for subjective classification. MSCI's simulation would remove Strategy, Metaplanet and uranium holder Yellow Cake from the MSCI ACWI IMI if the methodology were applied.
Strong September gains and renewed institutional demand put Bitcoin in focus as markets look ahead to Q4.
The Netherlands has moved closer to taxing unrealized cryptocurrency gains from 2028 as part of an overhaul of its Box 3 system, although a new government proposal could eventually move crypto to taxation at the point of sale.
Bitcoin's Q3 surge signals renewed institutional interest, but macroeconomic factors and ETF flows will be crucial for sustained momentum. Bitcoin closes Q3 up 44%, marking its best quarter since Q1 2024.
Michael Saylor believes that Strategy, Strive, and other bitcoin treasury companies can capture a fraction of the global stock and bond markets, which together are valued at 318.5 trillion dollars. However, this amount does not represent either an expected valuation for these companies or a revenue forecast, but the theoretical financial market that their new products seek to access.
The reversal highlights the influence of investor sentiment on tax policy, potentially affecting future crypto regulation and market stability. Netherlands drops plan to tax unrealized Bitcoin gains after investor backlash.