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Bitcoin shrugs off ETF outflows to trade above $84,000 as oil falls

Bitcoin rebounded to nearly $84,000 as oil prices fell and most other major cryptocurrencies advanced, but later slipped back to around $83,400, below an early high of about $84,250. U.S.-listed spot bitcoin ETFs recorded $681 million in outflows last week, their largest weekly withdrawal since June, mostly on Wednesday and Thursday. Oil dropped after Trump announced a deal for Russia to supply 300,000 metric tons of diesel and claimed an energy ceasefire, though Ukrainian officials said they were not consulted and Russian strikes on its energy grid continued; WTI later recovered to $92.63 per barrel. Analysts see $82,000 as key support and point to the Oct. 14 U.S. inflation data as the next major catalyst.

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Related tickers and likely impact

BTC/USDT

▲ Likely positive

Bitcoin

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.7T
Close on 10/11/202683,773.12
Change that session+0.95%
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Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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