Summary
- Bitcoin (BTC) regained the $84,000 level as U.S. Treasury yields stabilized and spot ETF inflows continued.
- U.S. spot Bitcoin ETFs saw about $31 million in net inflows, spot Ether ETFs drew about $17 million, and products tied to SOL and XRP posted combined net inflows of about $17 million.
- Alex Kuptsikevich said Bitcoin found support after pulling back toward its previous high and could try to break above $87,000 if bullish sentiment persists.
Forecast Trend Report by Period
Bitcoin reclaimed the $84,000 level as U.S. Treasury yields stabilized after a recent spike and inflows into spot exchange-traded funds continued.
CoinDesk reported on September 29 that Bitcoin rebounded after falling to around $82,500, climbing back above $84,200. The yield on the U.S. 10-year Treasury note had risen to its highest level since 2007 a day earlier before stabilizing near 5.25%.
Among major altcoins, Ether rose about 2% to $2,720. Dogecoin gained 3% and XRP advanced 2%, while BNB, Solana and Tron posted gains of less than 1%.
Zcash, by contrast, fell about 9% to $1,423, marking one of the sharpest declines among major cryptocurrencies.
U.S. spot Bitcoin ETFs recorded about $31 million in net inflows a day earlier. Spot Ether ETFs drew about $17 million, while products tied to Solana and XRP posted combined net inflows of about $17 million. U.S. Zcash funds, by contrast, saw about $8 million in outflows.
Alex Kuptsikevich, chief market analyst at FxPro, said Bitcoin appeared to have found support after retreating toward its previous high. If bullish sentiment holds, it could attempt a fresh multi-month high above $87,000.
