International

Bitcoin holds near $81,000 as US ETF inflows drive recovery

Hindustan Times1h
THE BRIEF
1

Bitcoin traded around the low-$81,000 range on September 20, eyeing the $82,000-$83,000 resistance zone after recovering strongly from levels below $76,000 last week.

2

US spot Bitcoin ETFs provided key support with $433 million in net inflows on September 18, led by Fidelity's FBTC and BlackRock's IBIT.

3

The rally occurred despite the Federal Reserve raising interest rates earlier in the week and the failure of the CLARITY Act to advance in the Senate.