Bitcoin was trading around $80,250 on Friday, down 0.2% since midnight UTC but still holding above the $80,000 mark. The cryptocurrency jumped on Wednesday and has stayed above that level since. Spot Bitcoin ETFs also ended their three-day outflow streak, and Injective rallied after a staked ETF tied to the token was listed.
The midweek bounce that stuck
Wednesday's move wasn't a flash in the pan. Bitcoin climbed and then stayed above $80,000, a level that had been in play earlier in the week. The modest pullback since midnight is just that — modest. Trading around $80,250 puts the asset roughly where it landed after the jump, with no sign of a sharp reversal.
Spot Bitcoin ETFs stop the bleeding
The three-day outflow streak for spot Bitcoin ETFs came to an end. That's a shift in flows that had been running against the funds. The reversal doesn't come with a specific figure attached in the available data, but the direction matters: money stopped leaving the spot products, at least for now. For a market that's been leaning on ETF demand as a structural bid, the end of a streak is a small but notable change in tone.
Injective's staked ETF listing
Injective rallied after a staked ETF was listed. The product is tied to the token and adds a staking component, which is a different structure from a plain spot ETF. The listing gave the token a lift, though the size of the move isn't specified in the data. Staked products have been a growing area of interest, and Injective is now part of that conversation.
The immediate question is whether Bitcoin can keep its footing above $80,000 through the rest of the week. Wednesday's jump set the floor, and the last two days have held it. ETF flows will be the thing to watch — a single day of inflows doesn't make a trend, but it does break the streak. For Injective, the staked ETF listing is fresh, and the market will be watching whether the rally holds or fades as the product settles in.
