Bitcoin Price Jumps as ETF Inflows Surge Ahead of Fed Decision

Bitcoin's price surged to $84,030.08 on Saturday, September 26, marking a 0.30% increase from the previous day.

This uptrend comes as U.S. spot Bitcoin ETFs witnessed net inflows of $2.39 billion this week, indicating renewed demand for the cryptocurrency.

Despite the positive trend, experts caution that the Federal Reserve's rate decision this week could test bitcoin's optimism, with some analysts predicting a one-off hike rather than a cycle of increases.

The U.S. Senate is also set to take a procedural vote on crypto legislation, which could provide a surprise tailwind for the market if passed.