Bitcoin climbed back above $83,000 Tuesday, recovering from an overnight dip below $81,000 as broader risk assets wobbled heading into Thursday’s U.S. inflation report.
How the Majors Are Trading
| Cryptocurrency | Ticker | 24-hour change (as of reporting time) |
| Bitcoin | (CRYPTO: BTC) | +0.1% |
| Ethereum | (CRYPTO: ETH) | −1.5% |
| XRP | (CRYPTO: XRP) | −3.2% |
| Solana | (CRYPTO: SOL) | −4.3% |
ETF Flows Show a Split Picture
Bitcoin spot ETFs saw $65.4 million in net outflows Monday, entirely from BlackRock’s IBIT (NASDAQ:IBIT), reversing Friday’s inflow according to SoSoValue.
Ethereum ETFs fared worse, losing $85.4 million and extending their outflow streak to 10 straight sessions.
Meanwhile, XRP’s ETFs posted zero net flows Monday after pulling in $11.31 million the week before, extending a streak of 13 straight weeks without a net outflow even as Bitcoin and Ethereum funds bled money.
Why the Dip Happened in the First Place
CoinDesk reported that crypto’s early weakness followed a broader selloff outside the asset class, with South Korea’s KOSPI tumbling more than 6% intraday as Samsung and SK Hynix both fell roughly 8% on AI valuation concerns and Chinese competition.
Nasdaq futures fell another 0.6%, extending Monday’s decline.
Geopolitical risk added to the pressure, with Brent crude holding near $106 a barrel after fresh attacks in Saudi Arabia and ongoing threats to shipping through the Strait of Hormuz.
President Donald Trump pushed back against that risk on Truth Social, writing that China and Russia aren’t meaningfully helping Iran: “If they are, it’s at a very low level, but I don’t believe they are at all. They have too much to lose, and we would know about it, and know about it very fast!”
Higher oil raises inflation risk, which strengthens the case for the Fed to keep rates elevated, a headwind that typically weighs on risk assets like Bitcoin.
Top Gainers
| Cryptocurrency | Ticker | 24-hour change |
| Stacks | (CRYPTO: STX) | +10.3% |
| Bitway | (CRYPTO: BTW) | +8.3% |
| Beldex | (CRYPTO: BDX) | +5.2% |
Top Losers
| Cryptocurrency | Ticker | 24-hour change |
| LayerZero | (CRYPTO: ZRO) | −15.6% |
| Pump.fun | (CRYPTO: PUMP) | −13.5% |
| NEAR Protocol | (CRYPTO: NEAR) | −12.7% |
More On Bitcoin From Benzinga Today
- Peter Schiff Calls Bitcoin’s Long-Term Performance ‘Meaningless’: There’s a Difference Between Bubble ‘Blowing Up’ and Air Coming Out
- Bitcoin, Ethereum, XRP, Dogecoin Decline as Oil Prices Push Higher: Analyst Says ‘Pullback Isn’t the End of Anything,’ Rather the ‘Next Opportunity’
Where Bitcoin Stands Technically
Bitcoin trades near $83,000 after bouncing off $80,953, sitting just above its 20-day EMA at $83,119.
That thin cushion leaves the recovery fragile until buyers push price more firmly above that level.
Key levels for BTC:
- $84,060: session high, immediate resistance
- $86,000: channel midpoint, next major target
Photo via Shutterstock
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