Bitcoin hits $87K amid ETF inflows; Fed proposes stablecoin rules; Bitget halts withdrawals after $351M breach - Pluang

Bitcoin reached $87,000, supported by continued inflows into spot exchange-traded funds. Sustained ETF demand matters because it represents a regulated, accessible channel through which institutional and retail capital can gain exposure to the asset, and persistent inflows can tighten available supply on exchanges.

In parallel, the Federal Reserve proposed new rules covering stablecoins, the dollar-pegged tokens that underpin much of crypto trading. Regulation here is significant because stablecoins serve as settlement rails and collateral across venues; clearer federal standards could reduce uncertainty, though the specifics of the proposal will determine how issuers and exchanges adapt.

Separately, Bitget halted withdrawals following a $351 million breach. An exchange suspending withdrawals is a reminder of custody and counterparty risk: when funds cannot move, users lose liquidity regardless of prevailing market prices. Traders and observers will likely watch three things — whether ETF inflows persist, how the stablecoin rulemaking progresses, and when Bitget restores withdrawals and how it accounts for the loss.