Bitcoin holds near $86,000 as U.S. spot ETF inflows reach $998.95 million

  • Bitcoin traded near $86,000 as institutional demand remained strong.
  • U.S. spot Bitcoin ETFs received approximately $998.95 million on the 21st.
  • The Fear & Greed Index reached 78 amid unresolved U.S.-Iran tensions.

Bitcoin was trading at $86,458 as of 9:20 a.m. on the 23rd, up 0.09% over 24 hours and effectively range-bound. U.S. spot Bitcoin ETFs recorded approximately $998.95 million in net inflows on the 21st, the largest single-day inflow since October 6 of last year, when Bitcoin reached its all-time high, and the ninth-largest since the funds launched. Altcoins diverged, with XRP rising 3.53% and Solana edging up 0.07%, while BNB and Ethereum declined. The crypto market's Fear & Greed Index reached 78, signaling extreme greed and heightened correction risk. Geopolitical uncertainty also remains, after President Donald Trump said Iran must make a critical decision in his keynote address at the UN General Assembly in New York. Observers are watching whether a geopolitical shock could trigger a pullback while ETF inflows continue.

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