
ETF demand, not the squeeze, carried Bitcoin to $87,000
Bitcoin is back above $87,000 on more than $2 billion of fresh ETF creations this week. The durable-vs-one-time question is whether that bid outlasts the short squeeze that helped light it.
$84,554
+$217 (+0.26%) vs Sep 26
As of Sep 27, 2026 · Updated each business day · Source: Coinbase BTC/USD daily close, via FRED
Previous
$84,337
Sep 26, 2026
One year ago
$112,198
−$27,644 (−24.64%) since
52-week high
$124,720
Oct 5, 2025
52-week low
$58,586
Jun 30, 2026
The daily closing price of Bitcoin in U.S. dollars on Coinbase, as recorded by FRED. Bitcoin trades around the clock, so the live price in the ticker above will differ from this daily print.
Bitcoin is the largest crypto asset and increasingly trades like a high-beta risk asset: it tracks Nasdaq direction, reacts to Fed expectations and dollar liquidity, and since 2024 moves with the flows into spot ETFs.

Bitcoin is back above $87,000 on more than $2 billion of fresh ETF creations this week. The durable-vs-one-time question is whether that bid outlasts the short squeeze that helped light it.

US spot Ethereum ETFs reversed a $140M outflow week with $270M of inflows on Sept 21. Ether settled near $2,679 as the SEC and CFTC advanced crypto rules.

Bitcoin ETF flows just crossed $1.7B in two days, yet BTC slipped under $84,000. A $15.9B options expiry and 2007-high Treasury yields explain the stall.

Bitcoin slipped under $84,000 as Treasury yields hit 2007 highs, but spot-ETF inflows held near $609M on Wednesday. A $15.9B Friday options expiry looms.