Bitcoin Tumbles Below $83,000 as ETF Inflows Fail to Offset Bond Market Pressure
Bitcoin's price dropped to around $83,075 as it failed to hold above $85,100 over the weekend. The total crypto market capitalization remains at around $2.93 trillion, with Bitcoin dominance standing at 57%. Spot ETF inflows continue to be a steadying force in the market, with seven straight sessions of net inflows.
Elevated Treasury yields keep risk appetite guarded, and traders are now watching Wednesday's PCE print and Friday's payrolls for fresh volatility. Zcash led the top 12 gainers with a 4.6% increase on the day, while Hyperliquid was the biggest loser at 3.2%, due to an upcoming token unlock.
Vikram Subburaj, CEO of Giottus, advised limited leverage and staggered entries ahead of the September 30 PCE inflation release. Bitcoin is testing the $83,300 support zone, and a daily close above $85,000 would restore momentum. Investors should track Treasury yields, ETF flow data, and Wednesday's PCE release closely.