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Bitcoin Holds Below $80,000 as Markets Await Key Catalysts

Bitcoin traded below $80,000 despite modest ETF inflows, with technology earnings and Middle East developments in focus.

· Market news summary · 2 min read

The latest report

FXStreet reported on 27 October that Bitcoin was trading below $80,000 after failing to close above its 50-day exponential moving average near $80,765 the previous day.

US-listed spot Bitcoin ETFs recorded $110.34 million in inflows on Monday, according to SoSoValue data cited in the report. Strategy made no Bitcoin purchases the previous week, while Strive added 6,182 BTC.

What traders are watching

The report highlighted upcoming major technology-company earnings and Middle East developments as potential market drivers. ETF flows and corporate purchases are indicators of demand, not guarantees of future price direction. All prices and flows above refer to the dated report, not live execution quotes.

Source: FXStreet — read the original report

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