Bitcoin Holds Above $84K as ETF Inflows Extend to Seven Days
Bitcoin held above $84,000 after a week in which U.S. spot ETFs logged a seventh straight day of net inflows and institutions added more than $2 billion. Bitget said customer Bitcoin balances were safe after a security incident and planned to restore network withdrawals on Monday. In Washington, SEC Commissioner Hester Peirce set an exit timeline, regulators issued new guidance on network governance and token buybacks, and long-term holders moved 4,500 dormant coins into private storage.
U.S. spot Bitcoin funds recorded a seventh straight session of net additions, with BlackRock’s IBIT and Fidelity’s FBTC leading Friday’s gains. Across the week, institutional capital topped $2 billion, though daily inflows slowed from Monday’s $999 million to Friday’s $134.5 million. Bitcoin traded between roughly $83,160 and $85,238, ending near $84,000 and holding above its 50-week moving average around $78,200.
Bitget revised losses from a security breach to $387.5 million, adding ZEC and TRON to earlier estimates, while saying customer Bitcoin was unaffected and network withdrawals would resume Monday. SEC Commissioner Hester Peirce set an exit timeline, regulators issued guidance on network governance and token buybacks, and 4,500 long-dormant coins moved to private storage.
The continued ETF inflows and stable price may reassure institutional and retail investors, potentially deepening Bitcoin's role in mainstream portfolios. Exchange users could be affected by security incidents, though Bitget’s assurances and withdrawal restoration may limit immediate panic. Regulatory exits and new guidance may shape compliance costs and token governance for issuers and projects. Long-dormant coins moving to private storage may signal holder confidence, but broader societal effects depend on volatility, adoption, and future rules.