Bitcoin Steadies at $80,000 as Institutional Demand Battles Interest Rate Uncertainty
Bitcoin hovered around $80,000 on Monday as institutional demand continued to support cryptocurrency markets. The world's largest cryptocurrency was little changed over the past 24 hours after a volatile week that saw it briefly climb above $82,000 before retreating following stronger-than-expected US employment data.
Ethereum fared better, trading near $2,500, while Solana outperformed with gains of more than 2%. However, BNB was among the weaker large-cap tokens, falling over 2%.
The sustained buying in Bitcoin exchange-traded funds (ETFs) suggests institutional investors have continued adding exposure despite the cryptocurrency remaining below its record levels from late 2025. US-listed spot Bitcoin ETFs attracted around $986.9 million last week, taking inflows over the past three weeks to approximately $3.8 billion.
However, demand for Ethereum and XRP investment products has been less convincing, with weekly inflows into US Ether ETFs reportedly falling 74% compared with the previous week. Attention now turns to US consumer price inflation data on September 11, which could materially alter expectations ahead of the Federal Reserve's September 16 policy decision.