- Bitcoin (BTC) has regained the $84,000 mark, buoyed by steady U.S. Treasury yields and persistent inflows into spot ETFs.
- Spot Bitcoin ETFs in the U.S. registered approximately $31 million in net inflows, while spot Ether ETFs attracted around $17 million, and products connected to SOL and XRP saw combined net inflows of about $17 million.
- According to FxPro, Bitcoin appears to have found footing near its previous peak, and if the optimistic sentiment prevails, it may exceed $87,000 and reach a new multimonth high.
Future Trend Forecast by Period
Bitcoin has successfully reclaimed the $84,000 threshold as U.S. Treasury yields settle after a recent spike and spot ETF inflows continue.
According to CoinDesk on September 29, Bitcoin bounced back from around $82,500 to surpass $84,200. The yield on the key 10-year U.S. Treasury, which had reached its highest level since 2007 the day before, stabilized near 5.25%.
Among the leading altcoins, Ether increased by roughly 2% to $2,720. Dogecoin experienced a 3% rise, and XRP added 2%, while BNB, Solana, and Tron saw gains of less than 1%.
In contrast, Zcash faced a significant drop of about 9%, falling to $1,423, a notable decline among major cryptocurrencies.
On the previous day, U.S. spot Bitcoin ETFs recorded approximately $31 million in net inflows. Spot Ether ETFs drew nearly $17 million, while products associated with SOL and XRP racked up combined net inflows of about $17 million. Conversely, U.S. ZEC funds noted an outflow of around $8 million.
Alex Kuptsikevich, FxPro’s chief market analyst, indicated that Bitcoin seems to have found support after retreating toward its prior peak. Should the positive sentiment persist, it could break above $87,000 and establish a new multimonth high.