Bitcoin trades near $83K as market attempts to stabilise; spot ETF outflows signal cautious institutional sentiment

Economic Times - Oct 12, 2026

Bitcoin traded near $83,000 on Monday as the cryptocurrency market attempted to stabilise following heavy US ETF outflows and macroeconomic pressure. While institutional sentiment remains cautious amid elevated oil prices and a strong US dollar, whale accumulation and strong corporate holdings provide underlying support for crypto assets.

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