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 contemporary data, and softer Federal Reserve price steering.
US spot Bitcoin ETFs added $2.1 billion in internet inflows between Oct. 6 and Oct. 7, in line 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 shedding the $121,000 stage earlier than the market rebounded.
The continued demand from ETF channels offered a ground below the value and strengthened institutional urge for food for publicity by regulated devices.
Moreover, gold’s surge above $4,000 per ounce amplified the laborious asset narrative that usually lifts Bitcoin alongside bullion.
The transfer validated the “debasement commerce” thesis, which posits that traders rotate capital into scarce belongings when considerations about authorities debt and forex credibility come up. Consequently, the gold motion helped Bitcoin leg up.
The greenback’s energy, attributable to rising yields on Japanese authorities bonds, was intermittently capped upside. But, the shared hedge bid offset that stress.
Contemporary Federal Reserve minutes launched on Oct. 8 signaled that further price cuts in 2025 stay on the desk, protecting actual price stress gentle and supporting threat urge for food.
The softer tone on the paperwork eased considerations about tighter monetary circumstances and gave equities and crypto room to advance.
Decrease actual yields scale back the chance value of holding non-yielding belongings, reminiscent of Bitcoin, making the commerce extra enticing relative to money and short-duration bonds.
The broader crypto markets tracked Bitcoin’s positive aspects. 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 succeed in $0.2594.
Cardano added 2.3% to commerce at $0.8387, and BNB rose 1% to $1,316.87.
The mixture of ETF flows, macro tailwinds, and gold’s report efficiency created favorable circumstances for Bitcoin to recuperate from its current correction.
Bitcoin Market Knowledge
On the time of press 12:20 am UTC on Oct. 9, 2025, Bitcoin is ranked #1 by market cap and the value 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. Be taught 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 presently at 58.29%. Be taught extra concerning the crypto market ›
