BlackRock's IBIT Rebounds From $45.11, Lifting Bitcoin (BTC) Back Above $80,000

BlackRock's IBIT Rebounds From $45.11, Lifting Bitcoin (BTC) Back Above $80,000

Whether this week's institutional outflows are a tactical pullback or the start of a broader retreat is the question hanging over Bitcoin (BTC) as the October FOMC meeting approaches. The last two sessions supplied evidence for both sides. Daily flow disclosures from the United States spot Bitcoin ETFs reveal that outflows passed $530 million in October, yet Bitcoin managed to climb back above the $80,000 mark following a rebound in BlackRock's IBIT from $45.11.