Bitcoin Back Above $80K, IBIT Breaks Outflow Spell
Bitcoin rose to $80,700 on Tuesday, with BlackRock's iShares Bitcoin Trust (IBIT) driving $110.34 million in ETF inflows, ending two days of outflows. Despite October's net outflows of $202 million, IBIT's performance is key for Bitcoin's recovery. IBIT is near resistance at $45.70, with support at $45.12. The Fed's rate decision is the next major catalyst.
How this was made

The 30-second read
Why it matters
ETF inflows provide a short‑term price floor, but broader risk appetite and Fed policy remain key.
Market read
Fresh ETF inflow and price rebound make Bitcoin a near‑term trading focus ahead of the Fed decision.
What to watch
Macro risk from the Fed rate decision could outweigh ETF demand.
Background
Bitcoin rebounded after a brief dip below $80k, driven by a large IBIT inflow.
Ticker impact
IBIT recorded a $110.34 million net inflow, driving Bitcoin back above $80,000.
upward pressure as fresh ETF demand may lift Bitcoin.
The inflow is the primary catalyst for the rebound and is fresh data.
Market effects
Spot Bitcoin ETFs may see renewed interest, affecting related crypto funds.
U.S. crypto markets could rally if ETF inflows continue.
Bitcoin’s move influences global crypto sentiment and cross‑border trading.
Counterpoint
If ETF inflows reverse, Bitcoin could quickly fall back below $80k.
Key entities
- ETFBlackRock iShares Bitcoin Trust
Recorded the full $110.34 M net inflow.




