Bitcoin Wavers Near $83K After CPI Surprise Erases Fed-Led Gain
Bitcoin climbed from below $81,000 toward $84,000 after New York Fed President John Williams suggested no further rate increases beyond this year, but a stronger-than-expected September CPI report reversed the move and left prices near $83,000. U.S. spot Bitcoin ETFs recorded a $175.7 million net inflow on October 13, led by Fidelity’s FBTC and BlackRock’s IBIT, reversing the previous day’s outflow. A corporate treasury bought more than 3,000 bitcoins, Strategy’s chairman said the bear market had ended, and the CPI surprise revived the possibility of additional Federal Reserve tightening.
Bitcoin started near $83,320, peaked around $84,050, then fell after September CPI exceeded forecasts. An initial reaction dropped about $1,000 toward $82,800 before stabilizing near $83,400. U.S. spot Bitcoin ETFs recorded $175.7 million net inflows on October 13, reversing a $65.4 million outflow. FBTC led with $103.1 million, IBIT added $65.9 million, and MSBT contributed $6.7 million; cumulative inflows neared $57.3 billion.
Strive bought 3,311 bitcoins from October 5–9 at an average near $84,500, lifting holdings to 32,773. It proposed 5 million SATS perpetual preferred shares at $100 each, with a 15% dividend and roughly $500 million target. Michael Saylor said the slump was over.
Bitcoin’s swing near $83,000 may affect retail and institutional investors watching ETF flows, corporate treasury holdings, and rate-sensitive risk assets. A hotter CPI could keep borrowing costs elevated, potentially pressuring speculative holdings and companies that fund bitcoin purchases through preferred offerings. Conversely, continued ETF inflows and treasury buying may reinforce bitcoin’s role in some portfolios. The main societal