Bitcoin (BTC) Price: BTC Holds Above $80K as Spot ETFs Draw $286M in Two Days
BTC when published $80,818Now $80,598 ▼ −0.27% since it was published
Bitcoin (BTC) traded near $80,800 on Oct. 28, up between 1% and 1.6% over the past 24 hours. The price moved between $79,416 and $81,159 during the past day. Trading volume stood near $23.5 billion, and Bitcoin’s market value stayed above $1.62 trillion. Despite the gains, BTC has not climbed back above $82,000. The move comes ahead of the Federal Reserve’s interest rate decision on Oct. 28. Traders are also watching exchange flows, ETF demand and reports of possible U.S. military action against Iran. U.S. spot Bitcoin ETFs took in about $176 million on Tuesday, according to SoSoValue data. BlackRock’s IBIT led the day with $151.5 million. That followed about $110 million in inflows on Monday, bringing the two-day total to $286 million.
First reported by Blockonomi. This page is a short excerpt; the full text is theirs.
