Bitcoin has been trading between $79k and $81k after a failed attempt to rise above $84.9k. Despite this, BlackRock's IBIT Bitcoin ETF has bought over 3,441 BTC worth $276.7 million in the past three days, signaling strong ETF interest. However, overall institutional demand remains weak, especially from U.S. investors, which could prolong market weakness and push prices down to $76k. Continued BlackRock purchases might help Bitcoin hold $80k and aim for $84k.
BlackRock's IBIT Bitcoin ETF shows strong recent buying with $276.7 million in Bitcoin. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 29, 2026 21:22 WIB: 26 of 50 major cryptocurrencies rose today. Notable movers include MANA at Rp1.400 with a 1-day change of -1.96% and 95% buy order activity, FIL at Rp16.434 up 1.88% with balanced orders, and LUNC at Rp0,809 down 1.82% with 90% sell orders.
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