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Bitcoin trades near $83K as market attempts to stabilise; spot ETF outflows signal cautious institutional sentiment

Economic Times 12 October 2026 at 01:22 pm 1 min read 2 views Read Original
Bitcoin trades near $83K as market attempts to stabilise; spot ETF outflows signal cautious institutional sentiment

Bitcoin traded near $83,000 on Monday as the cryptocurrency market attempted to stabilise following heavy US ETF outflows and macroeconomic pressure. While institutional sentiment remains cautious amid elevated oil prices and a strong US dollar, whale accumulation and strong corporate holdings provide underlying support for crypto assets.

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