Bitcoin climbed 1.75% over the previous 24 hours to $123,250 as of press time, pushed by sustained spot ETF inflows, gold’s rally to recent data, and softer Federal Reserve fee steering.
US spot Bitcoin ETFs added $2.1 billion in web inflows between Oct. 6 and Oct. 7, in accordance with Farside Buyers. The motion prolonged a seven-session streak of optimistic flows as of Oct. 7.
The funds absorbed $875.6 million on Oct. 7 alone regardless of Bitcoin experiencing a 2.4% correction and briefly shedding the $121,000 stage earlier than the market rebounded.
The continued demand from ETF channels supplied a ground underneath the worth and strengthened institutional urge for food for publicity via regulated devices.
Moreover, gold’s surge above $4,000 per ounce amplified the onerous asset narrative that always lifts Bitcoin alongside bullion.
The transfer validated the “debasement commerce” thesis, which posits that buyers rotate capital into scarce property when issues about authorities debt and forex credibility come up. Consequently, the gold motion helped Bitcoin leg up.
The greenback’s energy, attributable to rising yields on Japanese authorities bonds, was intermittently capped upside. But, the shared hedge bid offset that stress.
Contemporary Federal Reserve minutes launched on Oct. 8 signaled that extra fee cuts in 2025 stay on the desk, protecting actual fee stress mild and supporting danger urge for food.
The softer tone on the paperwork eased issues about tighter monetary situations and gave equities and crypto room to advance.
Decrease actual yields cut back the chance value of holding non-yielding property, similar to Bitcoin, making the commerce extra engaging relative to money and short-duration bonds.
The broader crypto markets tracked Bitcoin’s beneficial properties. Ethereum rose 1.4% to $4,514.72, whereas XRP climbed 1.9% to $2.90. Solana posted a 4.2% advance to $229.52, and Dogecoin gained 5% to succeed in $0.2594.
Cardano added 2.3% to commerce at $0.8387, and BNB rose 1% to $1,316.87.
The mix of ETF flows, macro tailwinds, and gold’s file efficiency created favorable situations for Bitcoin to get well from its current correction.
On the time of press 12:20 am UTC on Oct. 9, 2025, Bitcoin is ranked #1 by market cap and the worth is up 1.19% over the previous 24 hours. Bitcoin has a market capitalization of $2.46 trillion with a 24-hour buying and selling quantity of $64.86 billion. Be taught extra about Bitcoin ›
On the time of press 12:20 am UTC on Oct. 9, 2025, the full crypto market is valued at at $4.22 trillion with a 24-hour quantity of $196.65 billion. Bitcoin dominance is at present at 58.29%. Be taught extra in regards to the crypto market ›
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