Bitcoin ETFs drew $424 million over three days, lifting October net inflows to $111 million despite a hawkish Federal Reserve decision and weaker crypto sentiment.

Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.

Bitcoin failed to move past its 50-day simple moving average as market participants awaited the outcome of the FOMC meeting and key tech earnings.

Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases.

US spot Bitcoin ETFs drew $286 million over two days, narrowing October’s net outflows to $26 million as the Crypto Fear & Greed Index remained neutral.

A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.

US spot Bitcoin ETFs remained in the red for October, with about $202 million in net outflows for the month despite Monday’s rebound.

SECZ’s onchain market cap fell to $208.6 million as Circle-linked tokens reached a combined $383.6 million across several issuers in the $3.3 billion tokenized equities market.

Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data.

US spot Bitcoin ETFs finished the week with $301 million in net inflows after a strong three-day start gave way to heavy withdrawals.