Bitcoin News: BTC Rises 1% Above $84,000 Despite ETF Outflows
- Bitcoin rose about 1% to trade above $84,000 on October 1, 2026.
- US spot Bitcoin ETFs recorded a $148.69 million net outflow, ending a 10-day inflow streak.
- US PCE inflation for August came in at 3.4% year-on-year, below expectations.
- Gold declined following the inflation data release, while Bitcoin gained.
- Bitcoin remains below its recent September high of approximately $87,400.
Bitcoin gained around 1% to trade above $84,000 on Wednesday, October 1, 2026, even as US spot Bitcoin ETFs recorded a net outflow for the day. Softer-than-expected US inflation data helped offset the pullback in ETF demand.
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Bitcoin Market and ETF Data
Figures reported as of October 1, 2026:
BTC price move: up approximately 1%, trading above $84,000
Recent high (September): approximately $87,400, since pulled back from
US spot Bitcoin ETF flow: net outflow of $148.69 million
ETF streak ended: 10 consecutive days of net inflows
US PCE inflation (August, year-on-year): 3.4%, below expectations
Gold price move: declined following the inflation data release
Traders tracking Bitcoin price action in real time can follow it through the SpotX live stream.
Main News: Bitcoin Gains as ETF Demand Reverses
US spot Bitcoin ETFs had posted inflows for 10 straight trading days before Wednesday's reversal. The $148.69 million outflow broke that streak, marking a shift in short-term institutional demand even as Bitcoin's price moved higher.
Bitcoin's gain came alongside a broader risk-on move across markets following the inflation data release.
Why Softer Inflation Data Lifted Bitcoin
The US Personal Consumption Expenditures (PCE) Price Index, a key US inflation gauge, came in at 3.4% year-on-year for August, below market expectations. Softer inflation readings are generally associated with reduced expectations for near-term interest rate increases, which can support demand for risk assets including Bitcoin.
Gold moved in the opposite direction following the same data release, declining as investors rotated into other assets. Readers following how Bitcoin and macro data interact can track both through SpotX.