Bitcoin Breaks $84,000 as ETF Inflows Fuel Market Rebound

Bitcoin's price has broken through the $84,000 mark for the first time in eight months, driven by renewed interest in U.S. spot Bitcoin ETFs.

The latest market data shows that BTC briefly surpassed $85,000 on September 21 after a period of market strain caused by geopolitical tensions and inflationary pressures.

However, as some of these pressures eased and capital flowed back into asset markets, the price of BTC recovered rapidly, with net inflows totaling approximately $433 million in U.S. spot Bitcoin ETFs on September 18 alone.