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 contemporary information, and softer Federal Reserve charge steering.
US spot Bitcoin ETFs added $2.1 billion in web inflows between Oct. 6 and Oct. 7, in keeping with Farside Traders. The motion prolonged a seven-session streak of constructive 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 dropping the $121,000 stage earlier than the market rebounded.
The continued demand from ETF channels supplied a flooring beneath the worth and bolstered institutional urge for food for publicity via regulated devices.
Moreover, gold’s surge above $4,000 per ounce amplified the onerous asset narrative that usually lifts Bitcoin alongside bullion.
The transfer validated the “debasement commerce” thesis, which posits that traders rotate capital into scarce belongings when considerations about authorities debt and forex credibility come up. Consequently, the gold motion helped Bitcoin leg up.
The greenback’s power, brought on by rising yields on Japanese authorities bonds, was intermittently capped upside. But, the shared hedge bid offset that strain.
Contemporary Federal Reserve minutes launched on Oct. 8 signaled that extra charge cuts in 2025 stay on the desk, preserving actual charge strain mild and supporting threat urge for food.
The softer tone on the paperwork eased considerations about tighter monetary circumstances and gave equities and crypto room to advance.
Decrease actual yields scale back the chance value of holding non-yielding belongings, akin to Bitcoin, making the commerce extra enticing 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 mixture of ETF flows, macro tailwinds, and gold’s document efficiency created favorable circumstances for Bitcoin to recuperate from its latest correction.
Bitcoin Market Knowledge
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. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 12:20 am UTC on Oct. 9, 2025, the overall crypto market is valued at at $4.22 trillion with a 24-hour quantity of $196.65 billion. Bitcoin dominance is at the moment at 58.29%. Study extra in regards to the crypto market ›
