Bitcoin Consolidates Near $84k as Institutional Buying Continues
Bitcoin's price has been hovering near $84,000 as it consolidates gains after briefly reaching levels last seen earlier this year. The cryptocurrency has been trading in a narrow band since its mid-September rebound, leaving market watchers to wonder whether recent institutional buying can push the asset through resistance.
The pause follows a sharp rebound that saw Bitcoin climb from the mid-$70,000s, but it lost momentum once it tested the upper $86,000s and low $87,000s. The market has recovered a large share of the mid-year drawdown, but it has not restored the 2025 high.
U.S. spot Bitcoin ETFs have continued to attract inflows, with a net inflow of $190.65 million on September 24, marking the sixth consecutive session of creations. The cumulative net inflows since launch stand at $57.41 billion and total net assets at $108.92 billion.