Key highlights:
- Bitcoin posted its highest weekly close in eight months, finishing above $84,000
- The price hit $87,401 on September 21, the highest since January
- U.S. spot Bitcoin ETFs saw their best week since the October 2025 crash
However, the buying did not hold its pace. Daily inflows peaked on Monday and fell to about $134 million by Friday, a drop of about 86%. Bitcoin’s price followed a similar trajectory. It topped $87,000 during the week, then dropped lower even as capital kept coming into the funds.
Corporate buyers were active during the week as well. Strategy added 950 BTC on Monday, continuing its buying spree. This brought its total holdings to 846,000 BTC. Michael Saylor has also hinted at another potential buy on Sunday.
In another development, Tuttle Capital Management and Strive Asset Management launched the T-Strive Digital Credit Preferred Income ETF, known as DCAP. The actively managed fund invests in preferred securities issued by companies that hold Bitcoin on their balance sheets. It does not hold BTC directly and is described as the first U.S. “Digital Credit” ETF.
BTC pulls ahead of stocks and gold
Analytics firm Santiment shared that Bitcoin has decoupled from traditional markets in the past weeks. Since August 18, Bitcoin has risen 36%, while the S&P 500 gained just 0.8% and gold fell 1.5%.
Santiment said crypto is “no longer living in Equities’ shadow.” The firm noted that this five-week difference suggests BTC is reacting more to crypto-specific news than to moves in the stock market.
https://x.com/SantimentData/status/2102626192746549403?s=20
Large holders have also been buying. The firm also noted that wallets holding between 100 and 1,000 BTC have added 113,950 BTC since July 15, lifting their holdings by 2.22% to about 5.24 million BTC.
Inflation data is the next test
Attention now turns to the economy. August personal consumption expenditures (PCE) data, the inflation measure the Federal Reserve follows when setting interest rates, is due on September 30, Wednesday.
Fundstrat’s Tom Lee told CNBC on Friday that the report could help crypto. He said a new method for calculating the index could lower core inflation by 0.2 to 0.4 percentage points, taking the yearly figure from 3.4% toward 3%.
Lee said any decline could leave room for the Fed to “walk back some of that hawkishness” after its latest rate hike. He opined that a move back to neutral interest rates could be bullish for crypto.
Source:: Bitcoin Posts Highest Weekly Close in 8 Months After Best ETF Week Since Oct 2025