Crypto · updated 49m ago · 2 min read
Bitcoin Trades Around $84,000 After September Gains Near Third Straight Monthly Rise
Bitcoin trades around $84,000 as September gains push toward third straight monthly rise ETFs attracted roughly $2.4 billion in weekly inflows, signaling strong institutional demand
Technical downtrend risk vs ETF-demand resilience.
4 of 6 outlets skipped it: bitcoin is on track to break a decade-long August/September pattern.
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Ccoindesk
“However, as long as the market remains below $2.90T, it is technically in a short-term downtrend.”Read the original ↗
Altcoin Buzz
“the buying came while Bitcoin remained well below its all-time high”Read the original ↗
CoinDesk emphasises technical caution below $2.90T while Altcoin Buzz emphasises ETF buying resilience despite no new all-time highs.
September bid lifts BTC
Bitcoin was up about 7% in September after gaining 25% in August, and Bitcoin was trading at $84,000 as the month neared its end.
“Bitcoin is up about 7% in September after gaining 25% in August.”
A positive September close would be the first to follow a positive August since 2013, which would give bitcoin three consecutive monthly gains from July through September.
The third quarter was on track to be up more than 40%, its first positive quarter since Q3 2025.
The fourth quarter historically has been bitcoin’s strongest, with CoinGlass data putting its average gain at roughly 77%.
The macro headwinds included the U.S. 10-year yield being above 5.2% and the MOVE index being above 100, while oil prices held above $90 a barrel.
ETFs pull in cash
Bitcoin rebounded above $84,000 as U.S. spot bitcoin ETFs drew in about $31 million on Monday, according to SoSoValue.
Bitcoin rose 1% to just above $84,200 on Tuesday, finding buyers on dips to about $82,500.
Ether funds took in about $17 million, while SOL and XRP funds added a combined $17 million.
The lone U.S. ZEC fund posted the only net outflow, losing about $8 million.
Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk that "as long as the market remains below $2.90T, it is technically in a short-term downtrend."C
Liquidity tests ahead
Q4 brings two further tests for liquidity and risk appetite, with Anthropic’s reported plans for a November IPO and the U.S. midterm elections in November.
“Q4 brings two further tests for liquidity and risk appetite.”
Anthropic’s offering timing and size have not been finalized, even as the plans could draw investor attention and capital toward a major new equity listing.
The U.S. midterm elections in November could add further volatility as investors assess the policy outlook.
Tokenpost said the next regularly scheduled U.S. federal general election is Nov. 3, and it said September’s advance would be finalized when September trading ends on Sept. 30.
Tokenpost said BTC was trading at approximately $84,000 at 5:45 a.m. ET (09:45 UTC) on Sept. 29, and it said the third quarter ends Sept. 30 when Bitcoin’s quarterly performance would be finalized.