Bitcoin rallies as European demand outpaces US interest
Crypto Briefing 2026-10-04 22:35:23
Context: The European Bitcoin market has outperformed its US counterpart, rising 4% since early September while the US market declined by 3% over the same period. This divergence in market performance comes as Bitcoin's price has fluctuated, reaching a high of over $87,000 by September 23 before stabilizing in the $83,000 to $85,000 range. The shift in market dynamics is being closely watched by investors, particularly in light of new product launches and regulatory developments in Europe.
Key Facts
- Europe's Bitcoin market gained 4% since early September, while the US market declined by 3% over the same period.
- US spot Bitcoin ETFs posted net inflows of approximately $2.39 billion during the week of September 21-25, marking the largest weekly net inflow in about a year.
- CryptoQuant's apparent spot demand metric showed a contraction of around 170,000 BTC over the 30 days leading into early October.
- The Coinbase Premium Index had printed negative values for 29 consecutive days, ranging from –0.01% to –0.03%, around October 3, 2026.