Bitcoin Holds Steady Near $85,000 as Miner Reserves Decline

Bitcoin's price has stabilized near $85,000 after rising 0.88% in 24 hours to $84,779.26, according to recent data.

The broader crypto market also saw a gain of 1.03%, with U.S. spot Bitcoin funds drawing about $2.4 billion over the five trading days ending September 25, marking their strongest weekly inflow this year.

Meanwhile, miner reserves fell by 1,530 BTC during the week ending September 26 to approximately 1.193 million BTC, as the network's hashrate weakened to around 915.8 exahashes per second on that day.

Traders are now watching whether Bitcoin can move above $86,000 and break through a key resistance level, while also keeping an eye on the upcoming U.S. inflation data due out September 30.