US Spot Bitcoin Etfs

Bitcoin recovered after touching its 50-day moving average, helping steady crypto sentiment after a sharp intraday decline. Ethereum remains a concern for traders after slipping below its own 50-day average, while spot ETF outflows continue to cloud the recovery.

The crypto market advanced 1.4% over the past 24 hours to $2.92T as traders leaned into expectations that the Federal Reserve may pause rate hikes. Bitcoin is again challenging the $86K–$87K area, with technical traders watching whether US jobs data can support a move toward $94K or trigger a risk reversal.

Bitcoin is pushing back toward recent highs after the broader crypto market rose 1.4% over the past 24 hours to $2.92T. Traders are watching US labor market data, ETF inflows and the $86K to $87K area for clues on whether a move toward $94K can develop.

The crypto market fell 3% over the past 24 hours to $2.86T after a 15% rally since mid-September and an almost 40% rebound from mid-August lows. Bitcoin slipped below $84K as former support turned into resistance, though some technical traders still view the move as a pause rather than a full trend reversal.

Bitcoin remains pinned near its 200-week moving average, a zone that has often marked the later stages of past corrections, while weekly RSI divergence is offering a more constructive medium-term signal. ETF flows have turned positive again, but weak spot demand and limited liquidity mean the broader crypto market may still struggle to break out quickly.