Bitcoin's price was trading near $84,890 to $85,469 early Wednesday, up 0.4% over 24 hours, as the market continued working through the pullback from September's $87,374 peak. The larger uptrend remains intact, but the short-term tape has settled into a contest between support around 82,555-83,000 and resistance beginning at $85,500 and higher.
Bitcoin reached $85,002.60, putting the cryptocurrency slightly above the $85,000 threshold during Wednesday trading.
Saylor backs Strive and other issuers, saying a shared Bitcoin base can expand the credit industry
Bitcoin briefly gained 0.6% to $84,305 as August core PCE inflation came in at 3% year over year, below the 3.3% forecast.
ETF Inflows: Bitcoin ETFs attracted $66.2 million on Sept. 29, extending their winning streak to nine trading days and bringing cumulative inflows during that run to roughly $3.1 billion. Fund Leaders: BlackRock's IBIT and ARK 21Shares' ARKB drove most of the positive activity, helping offset withdrawals from Bitwise's BITB.
Bitcoin was priced at $84,331 on Binance at 8:33 a.m. ET Wednesday, up 0.68% from one hour earlier.
The solicitation opened Sept. 29, but deliveries under awarded exchanges are scheduled for November and December 2026.
DOE's reserve exchange takes bids through October 6, while August PCE arrives before any newly offered crude can be delivered.
Malaysian police have detained two men and seized 30 Bitcoin mining machines after uncovering an operation in Seri Iskandar that allegedly used an illegal electricity connection.on.
Bitcoin traded above $83,000 late in the month while U.S. spot Bitcoin ETFs recorded approximately $2.4 billion in weekly net inflows.
Bitcoin's resilience amid a strong dollar suggests a decoupling from traditional financial indicators, potentially altering market dynamics. Bitcoin shows resilience despite stronger US Dollar Index.
Institutional interest in Bitcoin ETFs signals renewed confidence, potentially stabilizing the crypto market and encouraging further investments. Spot Bitcoin ETFs see $3B in purchases over 9 days as institutional appetite returns.