Bitcoin is holding above US$83,000 as cryptocurrency markets stabilise following several volatile sessions, with fresh inflows into US spot Bitcoin exchange-traded funds providing some support ahead of a key US inflation reading.
The world’s largest cryptocurrency was trading around US$83,300 on Wednesday morning, October 14, after gaining about 1.6% during Tuesday’s session and briefly pushing above US$84,000.
Bitcoin has traded between roughly US$81,000 and US$84,000 over the past two days as investors weigh elevated interest rates, geopolitical uncertainty and shifting expectations for further US monetary tightening.
ETF flows turn positive
Institutional demand showed signs of improving after a difficult start to October, with the latest available data showing US spot Bitcoin ETFs recording around US$109.8 million of net inflows on October 13.
Fidelity’s Wise Origin…
