Bitcoin pushes past US$84,000 while altcoins race ahead

TLDR

• Bitcoin rose 4.06% over the week, climbing back above US$84,000 (A$120,000), while total crypto market capitalisation increased 3.98%.
• Altcoins recorded stronger gains, led by LTC, LINK and SOL among the major assets tracked.
• US spot Bitcoin ETFs attracted around US$2.4 billion (A$3.43 billion), their strongest weekly inflows in nearly a year.
• Solana ETFs recorded approximately US$188 million (A$269 million) in weekly inflows as SOL climbed 9.73%.
• Ethereum gained 1.64% over the week, supported by continued ETF demand after a strong third quarter.
• Bitcoin’s Q3 performance and renewed institutional flows put October’s historically active trading period in focus.

Introduction

Crypto markets found fresh momentum last week, with Bitcoin climbing back above US$84,000 (A$120,000) and several major altcoins posting even stronger gains. Institutional demand also returned in force, led by the strongest week for Bitcoin ETF inflows in nearly a year. After a volatile September, the market heads towards October on firmer ground.

Weekly trading stats as of Monday, September 28th at 10:00 AM AEST, based on data from TradingView in USD.

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Bitcoin retakes US$84,000 (A$120,120) as buyers return

Bitcoin ended the week at US$84,472 (A$120,795), gaining 4.06% as crypto markets recovered from the previous week’s sell-off. Altcoins largely outpaced Bitcoin, with SOL, LINK and XRP among the stronger performers, while Litecoin recorded the biggest gain among the major assets tracked. The recovery also lifted total crypto market capitalisation, reversing some of September’s recent weakness. With Bitcoin back above US$84,000 (A$120,120), the question now is what helped bring buyers back.

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ETF inflows deliver a US$2.4 billion (A$3.43 billion) week

One answer came from institutional flows. US spot Bitcoin ETFs attracted around US$2.4 billion (A$3.43 billion) over the week, their strongest weekly inflows in nearly a year. The influx brought 2026 net flows back into positive territory after heavy withdrawals earlier in the year. Ether products also attracted fresh capital, pointing to renewed demand across the market’s two largest assets. It marks a sharp reversal from the previous week, when Bitcoin ETFs were back in outflow territory.

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Solana draws record ETF demand amid price gains

That institutional appetite extended beyond Bitcoin and Ether. US spot Solana ETFs recorded around US$188 million (A$269 million) in weekly inflows, including their strongest single day on record. SOL gained 9.73% alongside the renewed demand, while development around the Alpenglow network upgrade provided another catalyst. The combination gave Solana one of the week’s more distinctive stories as capital spread further across the crypto market.

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A strong third quarter puts October in view

The recovery comes as crypto closes out a strong third quarter, with Bitcoin gaining more than 40% over the period. October carries its own history of positive Bitcoin returns, although past performance does not guarantee the same result this year. Instead, renewed ETF demand, recent altcoin strength and Bitcoin’s recovery provide several signals to follow as Q4 begins. Institutional flows in particular could help show if this week’s return of capital has staying power.

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Final thoughts

Crypto looks to close September with gains across much of the market after a volatile month. Bitcoin is back above US$84,000 (A$120,120), while ETF inflows and stronger altcoin performance point to returning investor demand. Institutional flows will remain an important signal in the weeks ahead, particularly across Bitcoin, Ether and Solana products. October’s historical record may attract interest, but sustained demand will provide a clearer indication of how the market begins Q4.

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