Bitcoin shrugs off ETF outflows to trade above $84,000 as oil falls
Summary
Bitcoin rose back above $84,000 after dipping near $83,500, while most major cryptocurrencies also gained. The rebound came despite $681 million in outflows from U.S. spot bitcoin ETFs last week, the largest weekly total since June. Oil prices fell 1.8% after a U.S. announcement of a Russian diesel supply agreement, though uncertainty remains over the Russia-Ukraine conflict. Analysts cited $82,000 as key bitcoin support and pointed to U.S. inflation data due October 14 as the next major market catalyst.
