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Bitcoin Holds Near $80,000 as ETF Inflows Slow

Original: Bitcoin Holds Near $80,000 as ETF Inflows Slow Ahead of US Inflation Data Bitcoin hovers near its institutional cost bas

Bitcoin is trading near $80,000, hovering around the institutional cost basis level as inflows into US spot Bitcoin ETFs have dropped sharply, reportedly by 95.6%. Traders are waiting for upcoming US inflation data, which could shape expectations ahead of the Federal Reserve's October 28 meeting. Market watchers say the slowdown in ETF demand is testing whether current price levels can hold.

Why now: Investors are watching whether Bitcoin can hold its price level amid slowing ETF demand and pending US inflation data that could influence Fed policy.

BitcoinBitcoin ETFsFederal ReserveUnited States

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Evidence

• Bitcoin Holds Near $80,000 as ETF Inflows Slow Ahead of US Inflation Data Bitcoin hovers near its institutional cost basis as ETF inflows drop 95.6%. US economic data tests market resilience ahead of the Fed's October 28 meeting. https:// newisty.com/blog/bitcoin-holds… · newisty

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