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Bitcoin stayed near $80,400 as traders awaited Wednesday’s Federal Reserve decision, monitored falling oil prices and assessed $772 million in two-day spot bitcoin ETF outflows. Derivatives positioning was broadly balanced, while options continued to show greater demand for downside protection.
U.S. investors withdrew $635.6 million from spot bitcoin ETFs on Thursday as an oil-price spike and Middle East tensions triggered renewed risk-off trading. Bitcoin briefly fell below $81,000, although weekly ETF flows remained positive at more than $439 million.
Bitcoin briefly fell below $81,000 as US stocks weakened and Brent crude climbed to $116 a barrel, its highest level since March. Traders focused on whether Bitcoin could reclaim its 50-day average at $81,781 or retest lower support.
Bitcoin held near $81,000 as Brent crude climbed above $116 a barrel, its highest level since late April. Large Bitcoin ETF outflows, rising Treasury yields and weak consumer sentiment added to a cautious market backdrop ahead of the Federal Reserve’s policy meeting.
Bitcoin recovered toward $82,000 in Asian trading as the yen surrendered early gains and regional stocks rebounded. Gold also rose, but oil near $100, $435 million in crypto liquidations and $381 million in spot bitcoin ETF outflows kept the market recovery fragile.
