Bitcoin rises above $86,000 as ETFs boost demand
Bitcoin climbed as much as 2.7% to $86,851 before trading around $86,400, extending a third straight week of gains as investors returned to risk assets. Strong institutional flows into exchange traded funds helped push the token higher, contributing to its biggest quarter since the end of 2024 with about a 40% gain through September. The rally came despite a Federal Reserve rate hike in mid-September and the US Senate's failure to advance a crypto regulation bill, and follows a sharp selloff after last October's all-time high; the boost also comes ahead of Token2049.
Bitcoin rose above $86,000 after ETF inflows boosted demand
Context
Bitcoin fell sharply after it hit an all-time high above $126,000 last October. Sentiment…
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