Bitcoin maintained its position above the key $65,000 level, supported by a weak U.S. jobs report, but investors remain cautious ahead of upcoming inflation data and ongoing geopolitical tensions in the Middle East.
Bitcoin's price dipped below the $65,000 mark as the market weighed the strongest week for crypto ETF inflows since April against technical concerns surrounding a stalled and controversial network fork proposal.
Analysis from Fidelity Digital Assets suggests Bitcoin's down cycle could find a bottom around October 2026, citing key on-chain valuation metrics that have fallen to historic lows and signal a deep investor accumulation phase.
Bitcoin traded near $65,000 on Saturday, but investors are closely monitoring a critical vulnerability in BTCPay Server that has led to fund theft and the risk of a network split from a proposed protocol change.
The price of Bitcoin saw a slight decline, trading below the $65,000 mark. This price action comes as a strong week for U.S. spot ETF inflows, the best since April, is tempered by the effective failure of a controversial network fork proposal, BIP-110.
Cryptocurrency exchange BitMEX will shut down on September 23, following a strategic review by its parent company, HDR Global Trading. The move comes years after its co-founders pleaded guilty to anti-money laundering violations.
Bitcoin has broken through the key $65,000 resistance level, buoyed by a resurgence in spot ETF inflows and signals of a potential pause in Federal Reserve rate hikes, signaling a shift in market sentiment.
U.S. spot Bitcoin ETFs saw their seven-day streak of net inflows come to an end last week, with over $465 million withdrawn in two days as macroeconomic concerns overshadowed potential regulatory progress.
Bitcoin's price remained resilient, trading just below $65,000, as the market processed news of a critical vulnerability in the BTCPay Server payment processor that led to stolen funds and the potential for a network split from a proposed software update.
