Bitcoin Rebounds Above $83,000 After Overnight Dip Below $81,000

S. inflation report. 1% over 24 hours at the reporting time. 3%, according to CoinGecko.

4 million in net outflows Monday, all from BlackRock’s IBIT (NASDAQ: IBIT), according to SoSoValue. The outflows reversed Friday’s inflow. 4 million in outflows, extending their losing streak to 10 consecutive sessions. 31 million the week before.

They extended their streak to 13 consecutive weeks without a net outflow, while Bitcoin and Ethereum funds recorded outflows. CoinDesk reported that crypto’s early weakness followed a broader selloff in other assets. South Korea’s KOSPI fell more than 6% intraday, with Samsung and SK Hynix each down roughly 8% amid concerns about AI valuations and Chinese competition. 6%, extending Monday’s losses.

Geopolitical concerns also weighed on markets, as Brent crude held near $106 a barrel following fresh attacks in Saudi Arabia and continued threats to shipping through the Strait of Hormuz. President Donald Trump addressed the risks in a post on Truth Social, saying China and Russia were not providing meaningful help to Iran. “If they are, it’s at a very low level, but I don’t believe they are at all. ” Rising oil prices increase inflation risks and strengthen the case for the Fed to keep rates elevated, a headwind that typically pressures risk assets such as Bitcoin.

2%, according to CoinGecko. 7%. More on Bitcoin today: Peter Schiff calls Bitcoin’s long-term performance ‘meaningless,’ saying there is a difference between a bubble ‘blowing up’ and air coming out. Bitcoin, Ethereum, XRP and Dogecoin decline as oil… Bitcoin is trading near $83,000 after rebounding from $80,953.

It is just above the 20-day EMA at $83,119, leaving the recovery vulnerable unless buyers move the price more decisively above that level. The session high of $84,060 is immediate resistance. The channel midpoint at $86,000 is the next major target.