Bitcoin climbed 1.75% over the previous 24 hours to $123,250 as of press time, pushed by sustained spot ETF inflows, gold’s rally to recent data, and softer Federal Reserve fee steerage.
US spot Bitcoin ETFs added $2.1 billion in internet inflows between Oct. 6 and Oct. 7, in accordance with Farside Traders. The motion prolonged a seven-session streak of constructive flows as of Oct. 7.
The funds absorbed $875.6 million on Oct. 7 alone regardless of Bitcoin experiencing a 2.4% correction and briefly dropping the $121,000 stage earlier than the market rebounded.
The continued demand from ETF channels offered a ground beneath the worth and bolstered institutional urge for food for publicity by way of regulated devices.
Moreover, gold’s surge above $4,000 per ounce amplified the arduous asset narrative that always lifts Bitcoin alongside bullion.
The transfer validated the “debasement commerce” thesis, which posits that traders rotate capital into scarce belongings when issues about authorities debt and foreign money credibility come up. In consequence, the gold motion helped Bitcoin leg up.
The greenback’s energy, brought on by rising yields on Japanese authorities bonds, was intermittently capped upside. But, the shared hedge bid offset that strain.
Contemporary Federal Reserve minutes launched on Oct. 8 signaled that further fee cuts in 2025 stay on the desk, maintaining actual fee strain mild and supporting danger urge for food.
The softer tone on the paperwork eased issues about tighter monetary situations and gave equities and crypto room to advance.
Decrease actual yields cut back the chance value of holding non-yielding belongings, akin to Bitcoin, making the commerce extra enticing relative to money and short-duration bonds.
The broader crypto markets tracked Bitcoin’s beneficial properties. Ethereum rose 1.4% to $4,514.72, whereas XRP climbed 1.9% to $2.90. Solana posted a 4.2% advance to $229.52, and Dogecoin gained 5% to achieve $0.2594.
Cardano added 2.3% to commerce at $0.8387, and BNB rose 1% to $1,316.87.
The mix of ETF flows, macro tailwinds, and gold’s report efficiency created favorable situations for Bitcoin to get well from its current correction.
Bitcoin Market Information
On the time of press 12:20 am UTC on Oct. 9, 2025, Bitcoin is ranked #1 by market cap and the worth is up 1.19% over the previous 24 hours. Bitcoin has a market capitalization of $2.46 trillion with a 24-hour buying and selling quantity of $64.86 billion. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 12:20 am UTC on Oct. 9, 2025, the overall crypto market is valued at at $4.22 trillion with a 24-hour quantity of $196.65 billion. Bitcoin dominance is at present at 58.29%. Study extra concerning the crypto market ›
