Browsing: Bitcoin Price

Bitcoin climbed above USD 82,500 as China’s economy grew 4.5% in the third quarter, beating forecasts. Stronger economic data and falling oil prices supported global markets, lifting South Korea’s Kospi and Nasdaq futures. However, Bitcoin faced resistance near USD 85,000 amid continued ETF outflows.

Bitcoin rebounded toward USD 84,000 after falling near USD 81,000, despite over USD 800 million in crypto liquidations and a sharp decline in South Korean tech stocks. The recovery came amid continued Bitcoin ETF outflows, with traders watching the USD 84,000 resistance level and upcoming U.S. inflation data.

Bitcoin fell 1.29% to USD 84,202.50 as crypto liquidations exceeded USD 400 million in one hour. The decline followed USD 118.86 million in spot Bitcoin ETF inflows on October 6, with traders awaiting the Federal Reserve’s September meeting minutes.