Key Highlights
- Bitcoin is trading around $84,626, showing a 0.84% daily increase while maintaining support above the $84,000 level.
- The digital asset has surged approximately 43.5% during the current quarter, marking its strongest Q3 performance since 2017.
- Spot bitcoin exchange-traded funds in the United States attracted $2.4 billion in capital last week, representing the largest weekly accumulation in almost 12 months.
- Cryptocurrency exchange Bitget experienced a security breach resulting in $387.5 million in losses, with hackers transferring $83 million worth of XRP.
- Technical analyst Aksel Kibar highlighted concerns about the weekly candle formation, suggesting potential consolidation ahead.
Bitcoin maintained its position above the $84,000 threshold throughout Sunday trading. The leading cryptocurrency was priced at $84,626.50 at 01:39 ET, representing a daily gain of 0.84%.
The digital currency is approaching the conclusion of what will be its second-strongest third quarter performance in history. Since the beginning of July, when it was valued near $58,500, Bitcoin has appreciated by approximately 43.5%.
This performance represents Bitcoin’s most impressive Q3 showing since 2017, when the asset climbed roughly 80%. Meanwhile, Ether has outperformed even more dramatically this quarter, rising approximately 71% and positioning itself for its best third quarter on record.
The cryptocurrency successfully navigated Friday’s substantial quarterly options expiration event without significant volatility. Trading volumes in the spot market increased throughout the week, while market participants refrained from extensive profit-taking.
Bitcoin ETF Flows Shift Back to Positive for 2026
Spot bitcoin exchange-traded funds in the United States accumulated $2.4 billion during the week concluding September 25. This represents the largest weekly capital inflow since October 2025.
This significant influx returned 2026 cumulative flows for bitcoin ETFs into positive territory. The products had registered approximately $5.8 billion in net outflows as recently as mid-July.
The majority of weekly inflows occurred on Monday. The 12 monitored bitcoin ETF products received $999 million during that single trading session, marking the largest one-day inflow since October 2025.
Subsequent daily inflows decreased progressively throughout the week. Tuesday recorded $714.7 million in new capital, Wednesday saw $347 million, Thursday brought $190.6 million, and Friday concluded with $134.5 million.
BlackRock’s IBIT dominated weekly flows with $1.2 billion in new investments. Fidelity’s FBTC attracted $701.7 million, representing its strongest weekly performance since early September.
Ether-focused ETFs similarly reversed their trend last week. These funds attracted $689.9 million in fresh capital, a sharp contrast to the $140 million in outflows experienced the previous week.
Solana investment products established their own milestone, recording an $86.7 million single-day inflow on Friday, the highest daily total for that category.
Banking Integration Proposals and Technical Warnings
Strategy Chairman Michael Saylor advocated for enhanced Bitcoin integration within U.S. banking institutions. He proposed that banks should provide Bitcoin custody services and offer lending products collateralized by the cryptocurrency.
Saylor contended that existing capital requirements restrict banking sector involvement. He specifically referenced the 1,250% risk weighting assigned to the highest-risk crypto assets under international banking regulations.
He further suggested that regulatory frameworks should distinguish between custody operations, lending activities, and direct Bitcoin ownership by banks, with each category governed by distinct guidelines.
Technical analyst Aksel Kibar expressed reservations regarding Bitcoin’s chart structure. “As we get close to end of week, the weekly candle does not look like a decisive breakout,” Kibar noted, explaining that authentic breakouts typically generate extended weekly candles, and the current hesitant price movement could result in a return to previous trading ranges.
Security considerations remained prominent following the $387.5 million security breach at Bitget exchange. The perpetrator transferred approximately $83 million in stolen XRP from three wallets by Saturday, according to CoinDesk reports, with roughly $75 million remaining in the original compromised accounts.
Ripple lacks the ability to freeze the stolen XRP directly, as the XRP Ledger’s freeze functionality does not extend to its native token. Bitget announced that its protection fund will cover the losses and confirmed that customer balances remain secure.
The exchange scheduled Bitcoin withdrawal resumption for September 28, with ether withdrawals planned for September 29 and USDT withdrawals for September 30.
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