Bitcoin Trades Above $84,000 as Oil Falls and ETF Outflows Hit $681 Million

• Bitcoin traded near $84,050 on Monday, after slipping to around $83,500 earlier in the day.

• Sunday’s high was around $84,145.

• U.S.-listed spot Bitcoin ETFs recorded $681 million in outflows last week, the largest weekly withdrawal since June.

• Most of the outflows came on Wednesday and Thursday.

• WTI futures fell 1.8% to $90.28.

• Nine of the top ten cryptocurrencies advanced over 24 hours.

Bitcoin is back above $84,000 as oil prices slip. The leading cryptocurrency traded near $84,050 on Monday, according to CoinDesk, after slipping to around $83,500 earlier in the day.

That’s close to Sunday’s high of around $84,145. Last week, U.S.-listed spot Bitcoin ETFs recorded $681 million in outflows.

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Bitcoin Price Today: Market Data

Key figures:

• Bitcoin price: near $84,050

• Earlier Monday low: around $83,500

• Sunday’s high: around $84,145

• U.S. spot Bitcoin ETF outflows last week: $681 million (largest since June)

• WTI futures: $90.28, down 1.8%

• Ether price: $2,557.96

Readers who follow Bitcoin price action and ETF flows in real time can do so through the SpotX live stream.

Main News: Bitcoin Holds Weekend Gains

Bitcoin is holding on to its weekend gains as oil trades lower. Ether and XRP were also bid, with signs of growing investor interest in tokens other than Bitcoin and Ether.

Altcoins Advance Over 24 Hours

The recovery broadened across major digital assets, with nine of the top ten advancing over the last 24 hours, according to BitDelta India.

• Avalanche: +5.1% to $10.91

• Chainlink: +2.4% to $13.35

• Solana: +1.2%

• BNB, XRP, Dogecoin and Cardano: also gained

Oil Falls as Russian Diesel Supply Is Announced

WTI futures began the week down 1.8% at $90.28, reversing the spike on Thursday.

The decline follows President Donald Trump’s Friday announcement that his administration reached an agreement for Russia to supply 300,000 metric tons of diesel fuel to international and domestic markets. The move partially eases U.S. sanctions on Russian oil imports.

Trump also claimed that Russia and Ukraine agreed to an immediate “energy ceasefire”. Ukrainian officials said they were not consulted, and Russian military strikes on Ukraine’s energy grid have since continued.

Traders who monitor Bitcoin market signals and ETF flows can follow live data through SpotX.

U.S. Spot Bitcoin ETFs Record $681 Million in Weekly Outflows

U.S.-listed spot Bitcoin ETFs registered $681 million in outflows last week, the largest since June, according to SoSoValue. Most of it came on Wednesday and Thursday.

• Weekly outflows: $681 million

• Comparison: the largest weekly withdrawal since June

• Heaviest days: Wednesday and Thursday (October 7 and 8)

Treasury Yields at 24-Year Highs

Treasury yields reached 24-year highs during the week ending October 9.

Summary: Bitcoin Price Today

Bitcoin traded near $84,050 on Monday as oil fell, after U.S. spot Bitcoin ETFs recorded $681 million in outflows last week, the largest since June.

• Price: near $84,050 (earlier low near $83,500)

• ETF outflows: $681 million last week, mostly Wednesday and Thursday

• Oil: WTI futures down 1.8% to $90.28

• Altcoins: nine of the top ten advanced, led by Avalanche (+5.1%)

• Yields: Treasury yields hit 24-year highs in the week ending October 9

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