Bitcoin Dips to $101K Amid Stocks & Gold Rally, ETF Inflows
Bitcoin fell 3.4% to a weekly low of $101,200 as US stocks and gold rallied ahead of a key House vote to avert a government shutdown. The Dow rose 0.9%, the S&P 500 added 0.1%, and the Nasdaq dipped 0.3% while gold approached $1,918 per ounce on safe-haven demand. Spot Bitcoin ETFs recorded net inflows of $524 million—the largest since October 7—signaling renewed institutional interest. Traders rotated profits into traditional assets after Bitcoin’s intraday peak of $105,300, and market participants now watch for any dovish tilt in the Federal Reserve’s upcoming policy guidance. Monitoring ETF flows and US policy developments will be crucial for assessing Bitcoin’s recovery potential in the broader cryptocurrency market.
Neutral
Although Bitcoin’s price dropped 3.4% to $101,200 due to short-term profit taking and rotation into traditional assets like stocks and gold, the record $524 million net inflows into spot Bitcoin ETFs underscore strong institutional demand. In the short term, this sell-off may fuel volatility and bearish sentiment as traders react to macro events such as the government shutdown vote and Fed policy signals. However, sustained ETF inflows and potential dovish cues from the Federal Reserve could support a recovery, giving Bitcoin a bullish underpinning over the medium to long term. Overall, the opposing forces of profit-taking and institutional allocation lead to a neutral outlook, with market direction hinging on upcoming policy developments and ETF flow trends.