Bitcoin fell 3.5% to $56,682 as September's historically tough seasonality kicked in, worsened by hints of higher Japanese central bank rates.
Bitcoin rebounded to $56,000 after a sell-off to $53,000, mirroring US stocks' worst week since March 2023 ahead of a Fed rate decision.
Bitcoin hit $61K for the first time in September, up 7.2% on the week, as markets anticipated a US rate cut from 23-year highs.
Bitcoin surged 8.1% to $64,000 and Ethereum jumped 12.2% as the Fed's 50bps rate cut fuelled a broad risk-on rally.
Bitcoin hit a two-month high before a sharp sell-off tied to Middle East tensions, despite a record $494.4M day of ETF inflows.
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