Track market-moving stories before they get noisy

Bitcoin moved back toward $83,000 on Friday in a moderate rally, following a challenging week for cryptocurrencies and stocks tied to the sector. While the largest cryptocurrency remains nearly 34% below its all-time high, Friday’s rebound signaled renewed optimism among crypto investors.

Equities tied to crypto show gainsShares of Coinbase, a leading US-based cryptocurrency exchange, advanced by almost 5% during Friday’s trading session. Strategy, the publicly listed firm led by Michael Saylor and better known as a significant institutional holder of Bitcoin, saw its shares gain around 2.2% in premarket activity. Robinhood, an investment platform that allows trading in cryptocurrencies and stocks, also posted increases as investors adopted a selective risk-on approach to crypto-linked equities.

Bitcoin itself climbed around 1% to 1.5% over the previous 24 hours, recovering from a previous decline in which it touched lows near $81,000. This uptick came as global market sentiment improved, and investors looked for opportunities amid volatility.

Impacts of energy markets and macroeconomicsIn the broader markets, Brent crude oil fell about 1.5% to roughly $103 per barrel. The decline in oil prices helped ease short-term inflation fears that have weighed on risk assets, including cryptocurrencies. Lower oil prices can also temper concerns about central banks, such as the Federal Reserve, tightening monetary policy further in response to rising inflation.

Analysts note that moves in energy and bond markets are closely tracked by crypto investors, as higher Treasury yields and energy costs tend to make traditional assets more attractive, putting pressure on digital assets.

Institutional targets and treasury expansionCoinbase remains sensitive to both cryptocurrency price trends and regulatory changes. The company’s revenue depends on trading volumes, institutional product growth, and progress in subscription services. Morgan Stanley recently increased its price target for Coinbase shares from $250 to $258. Conversely, Citizens cut its target from $325 to $280, reflecting differing views on the company’s prospects.

AnalystPrevious Coinbase TargetNew Coinbase TargetMorgan Stanley$250$258Citizens$325$280Strategy, which serves as a proxy investment for Bitcoin exposure, has continued to add to its holdings. The company bought an additional 334 BTC in its most recent purchase, bringing total holdings to 848,000 Bitcoin, according to public disclosures.

Bitcoin previously reached a high of approximately $126,080 in October 2025 but later entered an extended period of correction. The digital asset briefly dropped to about $58,000 during the summer of 2026, yet managed to recover more than 40% from those lows amid fluctuating risk sentiment.

Recent months have seen Bitcoin face resistance as tightening financial conditions and rising Treasury yields make alternative investments comparatively more attractive. Coupled with oil price volatility, these headwinds contributed to a sharp selloff, sending Bitcoin below $83,000 and triggering widespread leveraged liquidations.

Analyst price targets and technical outlookBitcoin’s next technical challenge lies in breaking above the $85,000 to $87,000 price band, where previous recovery rallies have lost momentum.

Citigroup raised its 12-month Bitcoin price forecast to $113,000, indicating some institutional analysts still expect notable upside potential for the world’s leading cryptocurrency.

Citigroup raised its 12-month Bitcoin target to $113,000, signifying sustained institutional confidence despite recent volatility.

Additionally, QCP Capital, a digital asset trading firm, described the $80,000 to $82,000 area as an attractive potential entry point, according to insights featured in Coinpaper’s latest Bitcoin outlook.

Market participants continue to watch technical and macroeconomic signals closely, seeking clues about the next direction for both crypto asset prices and related stocks.

Mini dictionary: QCP Capital, a Singapore-based trading and investment firm specializing in digital asset derivatives, is known for providing institutional-grade liquidity and analytics in the cryptocurrency market.

Fireblocks’ research chief has identified exposed public keys as the main factor in Bitcoin’s future quantum risk, citing public estimates that roughly 6.7 million to 7 million BTC sit behind keys already visible onchain.

Summary

Older Bitcoin outputs and reused addresses can leave funds behind public keys that are already exposed. Fireblocks recommends fresh deposit and change addresses, with continuous tracking of exposed balances. Bitcoin’s BIP 360 proposal reduces long-term key exposure but does not provide complete quantum protection. Fireblocks has cut Ethereum post-quantum signature verification from 8.09 million to 1.23 million gas. Fireblocks Vice President of Research Michael Gutkin told crypto.news that a holder’s exposure depends on the blockchain, address type, and transaction history, rather than whether the owner is an exchange, institution, or individual.

“Exposure ultimately comes down to whether the public key is already visible onchain.”

In Gutkin’s assessment, frequent transactions can create exposure through address reuse and the handling of unspent Bitcoin. A treasury that rarely moves its holdings may keep public keys hidden for longer, he said, but only if the address format and previous activity have not already revealed them.

Bitcoin’s older outputs and reused addresses expose keys For early Bitcoin outputs known as pay-to-public-key, or P2PK, Gutkin explained that the public key is visible from the start. Many outputs dating to the Satoshi era use that format, leaving their keys exposed even when the coins have never moved, he said.

By comparison, Gutkin said pay-to-public-key-hash and native SegWit addresses, known as P2PKH and P2WPKH, hide the public key until the first spend. Once a holder spends from an address, however, the key becomes permanently visible, according to his explanation.

If the same address receives more Bitcoin afterward, Gutkin said those new funds sit behind a key that has already been revealed. For holders checking their exposure, he recommended examining whether addresses have spent before and whether they continue receiving funds.

Taproot introduces another distinction. The authors of BIP 360 identify Taproot outputs as exposed to long-duration quantum attacks because their output public keys are visible when created.

According to the proposal, a sufficiently capable quantum computer could derive a private key from an exposed public key. Its authors distinguish attacks against keys visible for long periods from faster attacks attempted after a transaction reveals a key but before it confirms.

The concern remains a future threat. In a Sep. 17 report on Bitcoin’s migration challenges, Ledger Chief Technology Officer Charles Guillemet said no cryptographically relevant quantum computer capable of breaking Bitcoin’s current signatures was known to exist.

Guillemet nevertheless warned that research, software changes, hardware-wallet upgrades and user adoption could take years, making preparation a separate issue from the arrival of a working attacker.

Gradual wallet changes can reduce Bitcoin exposure Responding to calls for “bunker mode” preparation, Gutkin argued that institutions should manage public-key exposure continuously rather than plan a single mass transfer.

“For an institution, I don’t think the goal should be a one-time mass migration,” he said.

Under his proposed approach, new Bitcoin deposits would go to fresh addresses, while change from transactions would also return to fresh addresses. Gutkin said institutions should track individual unspent transaction outputs, or UTXOs, to identify which funds already sit behind exposed keys.

Through normal spending, Gutkin explained, exposed addresses could gradually empty while new funds arrive at addresses whose public keys remain hidden. He said a live exposure dashboard should show both the remaining exposed balance and the transactions creating additional exposure.

Fireblocks already supports several components of that process, according to Gutkin, and is developing tools for selecting transaction inputs based on exposure and displaying affected balances.

Other custody providers have introduced related controls. In its July 22 announcement, BitGo detailed four Bitcoin wallet controls covering exposure scoring, address remediation, transaction-input selection, and updated address defaults.

BitGo said its input-selection method attempts to spend all unspent outputs associated with a selected address, reducing the chance of leaving funds behind after a transaction reveals the key. The company described the controls as operational preparation rather than a replacement for a future Bitcoin upgrade.

For a rushed migration, Gutkin warned that large holders competing for limited Bitcoin transaction capacity could drive fees higher and slow confirmations. Within institutions, he said, additional transactions and approvals could increase mistakes, including sending change back to an exposed address.

To limit phishing and handling errors, Gutkin recommended establishing destination addresses, approval policies and trusted communication channels in advance. He said an urgent transfer should not require customers or staff to follow unfamiliar instructions or bypass existing controls.

Bitcoin still needs a quantum-resistant spending method Even with better address practices, Gutkin said Bitcoin would still need a quantum-resistant method for authorizing transactions.

In his explanation, BIP 360 addresses one part of the problem by proposing pay-to-Merkle-root outputs, which remove Taproot’s exposed key-spending path. Gutkin stressed that reducing long-term public-key exposure does not make the proposal a complete post-quantum solution.

The proposal’s authors likewise state that protection against attacks during the brief period before a transaction confirms may require post-quantum signatures. BIP 360 remains listed as a draft.

Unlike Ethereum, Gutkin said Bitcoin cannot simply accept a new signature-verification contract through a general-purpose application layer. Depending on the chosen design, he explained, protocol changes may be necessary to support the scheme and keep transaction fees manageable.

Gutkin also pointed to research into hash-based signatures, including designs that track signing state to reduce overhead. Such approaches involve trade-offs in signature size, wallet design and recordkeeping, he said.

For U.S. investors holding Bitcoin through funds, custody arrangements are also part of the preparation. A Sep. 23 report on Coinbase’s post-quantum custody plans noted that spot Bitcoin and Ethereum ETF investors do not control the private keys securing fund holdings; the issuers’ selected custodians manage them.

In that report, Coinbase Chief Cryptographer Yehuda Lindell described plans for custody infrastructure capable of supporting different post-quantum signature schemes. Lindell said Coinbase was exploring programmable hardware security modules as an alternative when a blockchain’s chosen scheme cannot work with its existing distributed-signing systems.

Ethereum’s cheaper verification still requires wallet changes On Ethereum, Gutkin said standard accounts expose their public keys once they sign a transaction because the key can be recovered from the signature. Unlike Bitcoin address rotation, he explained, regularly replacing an Ethereum account is less practical because balances, token approvals and application activity are tied to it.

For Solana’s standard wallets, Gutkin noted that the address is the public key itself, so the key is exposed without any initial spending transaction.

Programmable Ethereum accounts offer a way to change transaction authorization while retaining the account, according to Gutkin. Fireblocks’ research has reduced verification of ML-DSA-44, a post-quantum signature scheme, from 8.09 million gas to 1.23 million gas.

In a Sep. 2 research post, Fireblocks reported that the verifier follows FIPS 204, the digital-signature standard published by the U.S. National Institute of Standards and Technology. Gutkin said the team improved the implementation rather than changing the standardized algorithm.

Among the changes, Gutkin identified more efficient hashing, mathematical operations, signature decoding, public-key handling, and memory use. Peak memory consumption fell from nearly a megabyte to about 41 kilobytes, he said.

The design still carries costs. Gutkin put the one-time deployment cost for the expanded public key at roughly 4.1 million gas, alongside the 1.23 million gas required for each verification.

For a treasury or cold wallet making relatively few transactions, Gutkin said those costs may be reasonable. He cautioned that a standard Ethereum account cannot simply switch to ML-DSA, while smart-account integration, custody support and compatibility with decentralized applications still require engineering work.

Gutkin also said the verifier does not make Ethereum’s entire system post-quantum secure, with separate research continuing at its consensus and data layers.

Despite extensive testing and formal verification, Gutkin said Fireblocks’ implementation remains research code requiring audits and hardening before production use. For institutional custody, he added, the company is separately researching production-grade post-quantum signing systems.

Just one transaction can compromise years of discreet Bitcoin activity, Cake Wallet’s chief operating officer has warned. 

Speaking on the Bitcoin Rails podcast this week, activist Seth for Privacy talked about different ways of protecting one’s privacy when using Bitcoin and said that focusing on privacy was a must for the West. 

Bitcoin privacy is a hot topic again ever since the developers of private coin mixer Samourai Wallet went on trial last year and were subsequently imprisoned. 

But just this week, the U.S. Department of Treasury scrapped two long-stalled crypto surveillance proposals, handing a major win to privacy advocates and the digital asset industry.

“If you ever spend your no-KYC coins with one of your KYC coins — which if you just let the wallet do its thing, it could do because it doesn’t know the difference — you immediately connect all of the non-KYC Bitcoin that you spend in that with your identity,” Seth said, referring to UTXO management, also called “coin control” by some wallets. 

Bitcoin wallets don’t hold a single balance but a collection of separate unspent transaction outputs — UTXOs — each one a discrete “coin” from a specific past transaction. 

When you send a payment larger than any one UTXO, the wallet picks several and combines them as inputs to the same transaction — an easy mistake to make, Seth highlighted. 

Seth added that unlike in the global South, where people have experienced more oppressive states, citizens in the West will need to “feel pain” in order to realize how important privacy is.

Still, he added that attitudes were changing and people were getting more serious about protecting their privacy. 

“It has been shifting, in the last five or six years a lot of people — even in the West — are starting to think [privacy] really matters, we really need to think about this seriously now,” he said. 

Cake Wallet is a privacy-oriented, self-custody, open-source wallet. The wallet earlier this year integrated Bitcoin’s Lightning Network into its platform. 

Using the second layer solution is not only faster and cheaper, it also offers more privacy than Bitcoin’s main chain. 

While Cake Wallet supports other cryptocurrencies, including privacy coin Monero, Seth for Privacy added that he’d love it if the digital coin didn’t exist. 

“If Bitcoin’s privacy got good enough that you could use it and have at least almost as good privacy as Monero without massive hoops to jump through, and Monero ceased to exist, that’s fine,” he said. 

“I would much rather the thing that more people use has better privacy than a more niche tool that has perfect privacy, and that’s something that less people are using because it’s less well known.”

Mathew Di Salvo

Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.

U.S. Treasury Secretary Scott Bessent has said the American authorities will soon seize $1 billion in crypto from Iran. 

Speaking on Newsmax’s NPolicy Summit in Washington, D.C. on Thursday, Bessent added that economic sanctions on the Middle Eastern country were working. 

Iran has been using bitcoin — and other cryptocurrencies — to skirt around U.S. sanctions. The U.S. in April started targeting crypto wallets linked to the Iranian regime, Bessent said at the time. 

“What we have done has never been seen before,” Bessent said Thursday on Iranian sanctions. 

“We’re probably going to seize $1 billion of crypto this week,” he continued. “We know where it is. We are isolating them. We did have a maximum pressure campaign, now we have an absolute isolation campaign and it’s working.”

Bessent didn’t reveal what cryptocurrencies the U.S. will seize or how. 

It would be very hard — if not impossible — for the U.S. to freeze Iran’s bitcoin unless it keeps it on a centralized exchange. 

Bitcoin, being censorship resistant, cannot be frozen. But many other cryptocurrencies, including Tether’s USDT, can. Bessent previously said the feds had seized Iran’s crypto in the form of the popular stablecoin. 

Iran started a bitcoin-backed insurance service for its counties shipping companies earlier this year.

The Financial Times last month reported that the Middle Eastern country was using bitcoin to settle cross-border transactions through Iranian crypto exchanges after the central bank advised its countrymen to do anything necessary to help the economy.    

U.S. President Donald Trump revived his “maximum pressure” campaign weeks after returning to office. A national security memorandum signed in February 2025 put the Treasury on a sustained campaign against Iran’s shadow banking, money laundering and sanctions-evasion networks.

Mathew Di Salvo

Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.

Table of contents

Meanwhile, the first life insurer licensed to operate entirely in Bitcoin, has raised $37.5 million in new funding led by Bain Capital Crypto, according to the company’s announcement. The Bermuda-based insurer, which counts Sam Altman among its backers, said the round takes its total funding past $180 million as demand for Bitcoin-denominated life insurance grows among wealthy families outside the United States.

The round was led by Bain Capital Crypto, with participation from existing investors Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. It follows a surge in international demand for the firm’s policies, particularly across Asia, Europe and the Middle East amid broader macro instability.

What the New Capital Backs Meanwhile plans to direct the funding toward its BTC Life 1-Pay policy, a single-premium whole life product built for high-net-worth clients outside the US that launched in early 2026. It is the company’s second product line after BTC 10-Pay, which is designed for US taxpayers. Since launch, Meanwhile has signed 15 brokers serving wealthy families, including in the insurance hubs of Singapore, Hong Kong, the UAE and Switzerland, with partners such as Lioner and Apeiron Group.

How Bitcoin Life Insurance Works A client pays one premium in Bitcoin and receives a guaranteed death benefit in Bitcoin for life. The policy’s value grows in Bitcoin, and after the first year the owner can borrow up to 90% of it with no repayment schedule and no margin calls. Policies can be owned by individuals, trusts or companies, making them a fit for estate planning as institutional adoption of Bitcoin broadens.

Meanwhile’s balance sheet, reserves and audited financial statements are all denominated in Bitcoin, and all policyholder Bitcoin is held with regulated institutional custodians. “Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on,” said Zac Townsend, co-founder and chief executive of Meanwhile.

What Happens Next The company said net long-term underwriting income has already passed last year’s total and is on track to more than double in 2026. Meanwhile Insurance Bitcoin (Bermuda) Limited holds the first Class IILT license granted by the Bermuda Monetary Authority, received in July 2024 after two years in the regulator’s sandbox. “Meanwhile owns every layer of a regulated life insurer and builds it like an AI-enabled startup,” said Stefan Cohen, a partner at Bain Capital Crypto. The raise also lands as institutional capital keeps flowing into Bitcoin products, from spot Bitcoin ETF inflows to new tokenized offerings.

AUTHOR

Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.

20h05 ▪ 7 min read ▪ by Ghiles A.

Summarize this article with:

Exchange-traded funds linked to cryptocurrencies are experiencing a period of significant capital outflows. In two sessions, US spot ETFs on bitcoin and Ether lost nearly one billion dollars, while trading volumes have increased significantly. This evolution reflects a rapid shift in institutional flows. While several products continue to attract investments, withdrawals now dominate the main fund categories and raise questions about the short-term market trend.

In brief US spot ETFs on bitcoin record $244.13 million in outflows in one day. Fidelity accounts for most withdrawals with $197.09 million withdrawn from its FBTC fund. ETFs on Ether undergo $72.54 million in outflows, marking an eighth consecutive session of decline. Bitcoin and Ether funds total nearly $965 million in outflows over two days. XRP and NEAR attract capital despite the widespread decline in crypto ETF investments. Bitcoin ETFs Experience New Massive Withdrawals On Thursday, US spot ETFs linked to bitcoin recorded $244.13 million in net outflows. This new decline extends the significant withdrawals observed the previous day. Fidelity’s FBTC fund accounts for most sales, with $197.09 million in outflows according to Sosovalue data. This development places the manager among the main contributors to the daily decline in institutional investments.

Other products also experienced significant withdrawals during the session. Ark and 21Shares’ ARKB lost $20.29 million, while Bitwise’s BITB recorded $17.71 million in outflows. Grayscale’s GBTC saw a decline of $8.20 million. BlackRock’s IBIT logged $5.54 million in withdrawals, confirming the magnitude of outflows across several major funds.

Bitcoin spot ETFs record nearly $731 million in net outflows over two days, while their net assets fall to $104.91 billion. Source: Sosovalue. However, Franklin’s EZBC moved counter to the trend, with $4.71 million in net inflows. Despite this inflow, negative flows largely dominated the overall market. The total trading volume on these funds reached $3.81 billion, while their net assets fell to $104.91 billion. This combination of high volumes and persistent outflows shows that investors are actively adjusting their positions.

The spot market also reflects this development. Bitcoin declined over 4% over seven days and was recently trading below $82,800. After an accumulation phase observed in September, institutional flows are now taking a more cautious direction. The upcoming sessions will determine whether these withdrawals continue or if investors regain interest in US funds.

Ether Records Eight Consecutive Sessions of Outflows US spot ETFs on Ether lost $72.54 million on Thursday, extending their withdrawal streak to eight consecutive sessions. This trend confirms the difficulties faced by products linked to the market’s second-largest cryptocurrency. BlackRock’s ETHA accounted for most of the outflows, with a reduction of $71.12 million. Grayscale’s ETHE also lost $6.12 million during the day.

Several other products experienced redemptions, notably those from 21Shares and VanEck. However, some funds attracted new capital despite this general trend. Fidelity’s FETH recorded $5.50 million in inflows, while Morgan Stanley’s MSSE gained $1.32 million. These positive moves were not enough to offset the withdrawals observed in other products.

The trading volume on Ether-related ETFs reached $1.92 billion. Meanwhile, their net assets decreased to $15.64 billion. Over two sessions, funds linked to the two major cryptocurrencies totaled approximately $964.5 million in outflows. The scale of this movement highlights a rapid shift in institutional allocations.

The Ether price has also experienced a sharper decline than bitcoin. Over seven days, it fell more than 9%, recently reaching around $2,485. This trend accompanies the withdrawals observed in American financial products. If outflows persist, investors will need to monitor ETF flows and price movements together to better understand market direction.

XRP and NEAR Continue to Attract Capital Despite Decline Despite outflows affecting the main fund categories, some products continue to attract investments. XRP ETFs recorded $8.17 million in inflows on Thursday. Franklin’s XRPZ accounted for all of these new funds. Trading volume reached $65.44 million, while the net assets of these funds stood at $1.56 billion.

NEAR-linked ETFs also had a positive session. Bitwise’s NRR fund, launched the previous week, attracted $4.04 million. Its net assets closed at $59.86 million, about 1% of NEAR’s market capitalization. These inflows contrast with outflows observed in several other products and show that capital movements differ depending on the assets.

However, these results are not enough to reverse the overall crypto ETF trend. Inflows in XRP and NEAR remain limited compared to amounts withdrawn from funds linked to bitcoin and Ether. Investors seem to distribute their positions unevenly among various digital assets. Upcoming flow data will help verify whether this demand persists in future sessions.

Meanwhile, the sector continues developing in new markets. In Thailand, the regulator published a framework authorizing locally listed crypto ETFs, initially covering bitcoin and Ether. This regulation is set to take effect on October 16. This development expands access opportunities to financial products linked to cryptocurrencies at a time when US markets are facing significant outflows.

Zcash, HYPE, and Solana Continue Facing Outflows Other ETF categories also closed the session in the red. Funds linked to Zcash lost $18.66 million, mainly through Grayscale’s ZCSH. Their net assets dropped to $655.95 million, below the $700 million threshold. Despite this decline, cumulative net inflows remain positive at $181.84 million.

HYPE ETFs also saw outflows, with $9.70 million withdrawn from 21Shares’ THYP. Solana ETFs experienced a fourth consecutive session of withdrawals, with $3.32 million in net outflows. Bitwise’s BSOL lost $5.26 million, while Morgan Stanley’s MSOL and Invesco’s QSOL attracted more modest amounts.

These movements confirm that pressure doesn’t only affect the two main cryptocurrencies. Several fund categories are experiencing redemptions, although some products continue attracting capital. Differences among assets show that flows don’t follow a uniform trajectory across the market. The next sessions will need to be examined to determine whether outflows spread further or if some categories regain positive momentum.

In the short term, flows of US spot ETFs will remain an important indicator of market evolution. If outflows persist and volumes remain high, institutional caution may continue weighing on prices. Conversely, a sustained return of net inflows would signal possible stabilization in demand. Bitcoin will thus move in a context where upcoming financial data will help measure investors’ ability to resume positions.

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Ghiles A.

Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Bitcoin rebounded 2% over the past 24 hours as traders see two potential market scenarios ahead of the November midterm elections.

Notable Statistics:

Coinglass data shows 83,856 traders were liquidated in the past 24 hours for $346.17 million.        SoSoValue data shows net outflows of $244.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $72.5 million. In the past 24 hours, top gainers include Cosmos Hub, Polkadot and Aptos. Notable Developments:

XRP Beats Bitcoin, Ethereum, Solana in ETF Flows: Can Price Follow?CFTC Chair Mike Selig Pushes New Crypto Platform RulesXRP Down 10% in a Week: What’s Going On?A Bitcoin Rally to $90,000 Would Be the ‘Ultimate Trap,’ Analyst CautionsBitcoin Dips Below $83,000: The Line in the Sand Bulls Need to WatchBitwise CEO Calls Dogecoin ETF Failure ‘Tragic’ as BWOW Set to Shut Down After Less Than a YearRipple Takes On Wall Street Banks in Leveraged ETF FinancingTrader Notes:

Trader KillaXBT expects Bitcoin to form a higher low after the U.S. midterm elections, noting BTC declined following three of the past four elections.

Two scenarios are possible: either Bitcoin rallies before the midterms and corrects 10% or more afterward or it sells off ahead of the elections before recovering.

Either way, the analyst does not expect new bear market lows and anticipates another rally toward fresh highs.

Trader Jelle noted that Bitcoin historically staged sharp rallies when its 200-week moving average held as support.

Unlike the previous cycle, when BTC fell well below this level before a gradual recovery, Bitcoin has defended the moving average this cycle, potentially setting the stage for a stronger bull run.

Image: Shutterstock

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Specter traced theft addresses across Ethereum, TRON and Bitcoin, while Ledger said it is investigating losses among users who bought from one Southeast Asia reseller.

Ledger users reportedly drained of over $86 million

Posted October 9, 2026 at 9:41 am ET.

Specter (@SpecterAnalyst) said on X on Oct. 9 that a trace of theft addresses shows losses of more than $86 million from reported wallet drains of Ledger users. Specter said the addresses took in funds from hundreds of victims’ wallets on multiple major chains, among them Ethereum, TRON and Bitcoin.

Specter cited user reports on X and Reddit of Ledger wallets being emptied, and said it traced the theft addresses. The post listed 10 addresses. Those addresses held only over $25 million as of last check, suggesting the majority of the funds have been moved.

A post from tanuki42 published at 12:00 UTC asked anyone drained to contact SEAL 911 as soon as possible. The post said, “Total loss is >$72M+ and increasing.” It listed eight addresses, all of which also appear in Specter’s list of 10. Specter’s list adds two more bitcoin addresses and was posted at 12:24 UTC.

The Security Alliance (SEAL) quote-posted tanuki42’s list at 12:29 UTC. It asked anyone whose funds were drained to those addresses to get in contact with the group as soon as possible through the SEAL 911 Telegram bot.

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Ledger Cites a Reseller Ledger (@Ledger_Support) said at 13:32 UTC that it is investigating reports of lost funds from users in South East Asia who bought products from a reseller named CryptoBillis. Pending the results, Ledger said it asked the reseller to pause all sales and shipments of Ledger devices.

Ledger recommended that users who bought from the reseller in the last 90 days not start setup if they have not done so. It said users who have already set up a device should “consider moving assets to a new Ledger signer (with new seed)” and that it will keep informing customers as the investigation progresses.

Ledger’s post does not mention the $86 million tally or the addresses in the other posts, and does not say how many users or how much money is involved.

This is still a developing story that will be updated…

Related Listen: Inside the Coldcard Hack That Drained Over $100 Million in Bitcoin: Uneasy Money

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

Ledger Suspends Reseller as Drain Reports Surface@Ledger has confirmed it is investigating reports that customers in Southeast Asia had funds drained from hardware wallets purchased through regional reseller CryptoBillis. As a precaution,

Over $86 Million in Estimated Losses Across Three Blockchains

However, Ledger has not confirmed any vulnerabilities in its devices or software.

though that figure remains unverified. Users who purchased a Ledger device from CryptoBillis are urged to follow Ledger's guidance immediately and monitor official channels for updates.

Sources:
BeInCrypto: Ledger Pauses Reseller Sales After $86 Million Drain Claims
TokenPost: Ledger Investigates Southeast Asia Theft Linked to CryptoBilis Devices
The Defiant: Ledger Asks CryptoBilis to Halt Sales Amid Reports of Lost Funds

Ethereum rose 71% in Q3, with its profit supply ratio still not entering the warning zone.

Coinbase Institutional issued a report noting that ETH rallied 71% in the third quarter, yet on-chain metrics show no clear signs of overheating in its price action. Data indicates the share of ETH supply in profit has exited the accumulation range, but remains well below the warning threshold, signaling the current market has not reached the overextended levels flagged by historical metrics.

5 hours ago

Hacker who stole funds from Ledger transferred $1.07 million worth of ETH to Tornado Cash, with some of the funds flowing into Binance’s hot wallet.

According to Onchain Lens monitoring, the suspected hackers linked to the recent crypto heist involving Ledger reseller CryptoBillis — with the stolen amount reportedly nearly $90 million — have transferred 430.2 ETH, valued at around $1.07 million, to Tornado Cash via four wallets. After Tether froze some of the related funds, the suspects reportedly began converting USDT to USDD via SUN.io and USDD’s Peg Stability Module (PSM), while another portion of the funds flowed into Binance’s hot wallet. The suspected wallets flagged by Onchain Lens currently hold approximately $70.6 million in assets, including 11,406 ETH (worth ~$28.35 million), 213.371 BTC (~$17.65 million), 13.646 million USDD (~$13.65 million), and 10.909 million USDT (~$10.91 million). As on-chain funds continue to move, the above tracking data and suspect associations remain to be further verified.

5 hours ago

Former Mt.Gox CEO claims to have discovered Ledger hardware wallets implanted with spy modules, which can send mnemonic phrase information via LTE.

Former Mt. Gox CEO Mark Karpelès revealed in a post that a Ledger hardware wallet he received is suspected to have an implanted spy module. The device originated from Malaysia; its outer packaging’s heat-shrink film was intact, and anomalies were not immediately noticeable upon opening. The implant was hidden in the position of the screen’s original buffer pad. Karpelès further detailed that the module contains LTE communication components, an antenna, eSIM, and a microcontroller connected to Ledger’s SPI bus. It can analyze characters displayed on the device to users and exfiltrate relevant data after the mnemonic phrase is configured. Attackers may subsequently monitor the victim’s wallet address and transfer assets at an opportune moment. He urged users to inspect their devices in accordance with Ledger’s official guidance.

5 hours ago

MAGIC rose over 60% in 24 hours, pushing its market capitalization to $33 million.

According to HTX market data, MAGIC has surged over 60% in the past 24 hours, currently trading at $0.0992, with its market cap rising to $33 million.

5 hours ago

某用户6月抄底80枚BTC浮盈138万美元，一周前存入Ledger现已全部被盗

According to Lookonchain’s monitoring, a user purchased 80 BTC for approximately $65,000 around four months ago, with a total investment of about $5.2 million. The user once recorded an unrealized profit of roughly $1.38 million. However, the user bought a Ledger hardware wallet from third-party dealer CryptoBillis a week ago and transferred all 80 BTC into it, only to have the entire funds stolen now. This incident is linked to recent fund thefts involving multiple CryptoBillis clients, though whether the devices were tampered with, the specific attack method, and the attacker’s identity remain unconfirmed.

5 hours ago

Investor Loses 80 $BTC ($5.2M) After Buying Compromised Ledger From Reseller

Poor guy! 4 months ago, he bought 80 $BTC ($5.2M) at a low price of ~$65,000 and was sitting on a $1.38M profit. But a week ago, he bought a Ledger device from reseller CryptoBillis and deposited all 80 $BTC into it. Now he's lost everything.

5 hours ago

Bitcoin has topped Taurex’s October 2026 comparison of 10 investment assets with a reported 633.2% inflation-adjusted return, ahead of silver, U.S. stocks and gold.

Summary

Bitcoin ranked first with a 633.2% real return despite a reported 25% annual decline. Silver returned 60.7% after inflation, followed by the S&P 500 at 57.3%. Seven of the 10 assets gained purchasing power under the study’s inflation adjustment. Savings accounts, U.S. aggregate bonds and palladium recorded negative real returns in the comparison. Taurex reported that Bitcoin’s cumulative real return exceeded every other asset in its comparison, while several familiar savings and investment options lost purchasing power. The online trading platform included cryptocurrencies, precious metals, shares, property, farmland, cash and bonds in its October breakdown.

In the report’s ranking, Bitcoin was the only cryptocurrency assessed. The study placed silver second with a 60.7% real total return, followed by the S&P 500’s dividend-inclusive return of 57.3% and gold’s 55.5%.

Using roughly 25% cumulative U.S. inflation, the researchers adjusted investment gains to compare changes in purchasing power, according to the supplied methodology. The report says its calculations included dividends and interest where applicable, rather than relying solely on changes in quoted prices.

Bitcoin leads the ranking despite its annual decline Despite reporting a 25% decline in Bitcoin over the previous year, Taurex assigned the cryptocurrency a 633.2% cumulative real return and a 49% real compound annual growth rate. Its reported cumulative gain was more than 10 times silver’s result.

Across the study’s asset list, Bitcoin’s return stood apart from the remaining positive results, which ranged from 1.6% for U.S. real estate investment trusts to 60.7% for silver. The report ranked each asset by cumulative real return rather than its latest annual performance.

For Bitcoin, the platform’s summary described performance since 2020, while its methodology referred to both four- and five-year tracking periods. The stated holding periods therefore varied within the report’s accompanying explanation.

Recent reporting has also documented episodes when investors pulled money from both Bitcoin and gold. On May 28, crypto.news covered JPMorgan’s assessment of Bitcoin and gold outflows, with analysts led by Nikolaos Panigirtzoglou describing reduced demand for trades linked to currency debasement.

In that assessment, the bank said exchange-traded funds tracking both assets had suffered outflows over the preceding two weeks, alongside weaker institutional positioning in CME futures.

“It is not a case of Bitcoin funds shifting to gold; rather, both asset classes are facing a simultaneous decline in demand,” JPMorgan said.

Silver and U.S. stocks finish ahead of gold Among the traditional investments assessed, Taurex ranked silver above both gold and the S&P 500. The metal’s 60.7% cumulative real return came with a reported real annual growth rate of 9.9%.

For gold, the study listed a 55.5% cumulative real return and 9.2% annualized growth after inflation. In its investment example, the platform said $10,000 invested in gold at the starting point would have purchasing power equivalent to about $15,500 in 2020 dollars.

With dividends included, the S&P 500 delivered a 57.3% real total return and a 9.5% real annual growth rate in the comparison. Taurex’s accompanying account put the index’s nominal cumulative gain at approximately 96%.

Over the five calendar years discussed in the report, the platform said U.S. shares rose in four, including gains of about 29% in 2021 and 25% in 2024. The report identified 2022 as the losing year, with a decline of approximately 18%.

On July 30, earlier coverage of Bitcoin’s post-PCE recovery recorded gains across cryptocurrency, U.S. equities and precious metals following the June U.S. inflation release.

According to that report, Bitcoin gained 1.2% to around $64,804, while the S&P 500 rose approximately 0.9% in early trading. Gold added about 0.3% to $4,076 per ounce, and silver gained 0.6% to approximately $58.

U.S. inflation data provides a separate market comparison For American investors, Taurex’s comparison used U.S. price inflation alongside domestic stock, housing, farmland and bond measures. Its approximately 25% inflation adjustment covered cumulative price increases over the study period, rather than a single annual inflation reading.

An Aug. 13 report examining Bitcoin’s muted CPI response documented a limited price reaction to the July consumer price index release on Aug. 12. That coverage reported annual headline inflation of 3.4% and a monthly increase of 0.1%.

In the same report, Bitcoin moved from roughly $63,800 to $64,100 over four hours, a gain of approximately 0.47%. The article also reported $854 million in U.S. spot Bitcoin ETF inflows during the first week of August.

According to the August coverage, perpetual futures trading activity had fallen to a three-year low ahead of the CPI release, while options markets priced an expected Bitcoin move of only 1.3%.

Housing gains while cash, bonds and palladium lose value Below the four leading assets, Taurex ranked U.S. house prices fifth, with an 18.6% real total return and 3.5% real annual growth. U.S. farmland followed with a cumulative inflation-adjusted gain of 10.4% and annualized growth of 2%.

For U.S. REITs, the report included total returns and recorded a 1.6% cumulative real gain, equivalent to 0.3% annualized growth. The property investment category was the lowest-ranked asset that still beat the study’s inflation benchmark.

At the bottom of the table, Taurex assigned U.S. savings-account cash a negative 18.2% real total return and a negative 3.9% annual growth rate. Its account summary also cited a 34% share of Americans holding savings accounts paying at least 4% interest.

U.S. aggregate bonds recorded a negative 22.2% real total return and a negative 4.9% annualized result, according to the comparison. Palladium finished last, with a 62.7% cumulative real loss and a negative 17.9% real annual growth rate.

Fidelity, a leading global asset management firm, has significantly increased its cryptocurrency holdings with the purchase of $354.1 million in Bitcoin through its spot ETF product, FBTC, over the past 20 trading days. This move highlights continued institutional interest in Bitcoin as the digital asset sector faces renewed market volatility.

Significant allocations to Bitcoin, Ethereum, and SolanaOnchain analytics from Arkham Intelligence reveal that Fidelity acquired a combined total of $438.9 million in Bitcoin, Ethereum, and Solana via its ETF offerings within the same period. The data shows that while demand for all three major crypto assets remains steady, the bulk of institutional purchasing centered on Bitcoin.

The firm also broadened its crypto portfolio through smaller acquisitions, buying $66.6 million in Ethereum and $18.2 million in Solana. While these purchases reflect growing investor interest in alternative crypto assets, demand for Fidelity’s spot Bitcoin ETF product continues to outpace its Ethereum and Solana counterparts.

Fidelity’s ETF suite is designed to provide investors with exposure to different cryptocurrencies backed by the security and oversight of a major financial institution.

Mini dictionary: Arkham Intelligence, a blockchain analytics platform, monitors large-scale crypto movements, providing insights into institutional activity and market trends.

AssetTotal PurchasedBitcoin (BTC)$354.1 millionEthereum (ETH)$66.6 millionSolana (SOL)$18.2 millionMarket response and price actionDespite continuing institutional accumulation, Bitcoin experienced heightened volatility over the period, retreating sharply from a recent peak of approximately $87,000 to a multi-week low near $81,000. Analysts reported that this price reversal reflected increased sell-off pressure, particularly among retail traders, even as institutional players such as Fidelity continued to add to their positions.

The contrasting trends suggest that although institutional demand remains robust, retail sentiment may be turning more cautious amid short-term price swings. The recent pullback highlights the unpredictable nature of cryptocurrency markets, where heavy institutional inflows do not always directly translate to upward price momentum.

Wider implications for crypto ETFsFidelity’s latest buying activity has been seen as a signal of sustained institutional interest in cryptocurrency-based exchange-traded funds. The firm’s diversified approach, offering ETFs tracking not only Bitcoin but also Ethereum and Solana, demonstrates a broader strategy to attract a wide spectrum of investors seeking crypto exposure through regulated financial products.

Fidelity attracted greater inflows to its spot Bitcoin ETF compared to its Ethereum and Solana products over the last 20 trading days, reflecting ongoing institutional appetite for the world’s largest cryptocurrency.

It remains uncertain whether major institutional buyers, including Fidelity, will maintain this current pace of acquisition if volatility persists.

UTXO Management's Loren Asmus: Bitcoin isn't a trade, but a portfolio staple. He breaks down institutional adoption, retention, and why education is key.

Bitcoin is not a trade, says Loren Asmus of UTXO Management. It is a structural allocation that deserves a place in a portfolio because of its risk-adjusted returns. He shares what he heard at the Bitcoin Treasuries conference, why institutions that get involved tend to stay in, and why education is the real barrier.

Chapters:
0:00 Bitcoin Treasuries Conference: The Mood and Takeaways
1:54 How Institutions Have Reframed Bitcoin Since the ETFs
2:55 From “Getting Laughed At” to a 2.5% Allocation Study
5:15 Volatility, Drawdowns, and Where Bitcoin Fits in a Portfolio
7:09 UTXO’s Hedge Fund and Preferred Income Strategy
8:33 Why the Bond Market Is the Bridge: Bitcoin as a Credit Default Swap on Debasement
9:52 The Real Barrier Is Education, and Where the Money Comes From
12:45 Buying Opportunity or Warning? A Long-Term Allocation View
14:14 Underwriting an Asset With No Cash Flows: The Denominator
16:10 Why Institutions Stay In Once They Buy, and Final Thoughts

This video is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. Investments in digital assets involve significant risk and may result in loss of capital. Both UTXO Management and BTC Inc., producer of BMTV, are owned by Nakamoto Inc. (NASDAQ: NAKA)

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Patrick Green

Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.

Arkham data shows 12,267 BTC left a wallet holding coins stolen in the 2016 Bitfinex hack on Thursday, with no exchange deposit recorded.

$1 billion in seized Bitfinex bitcoin moves to new wallets

Posted October 9, 2026 at 6:21 am ET.

A wallet holding bitcoin stolen in the 2016 Bitfinex hack sent 12,267 BTC, worth about $1.01 billion, to new addresses on Thursday, according to Arkham data. Nearly all of the bitcoin landed at one new, unlabeled address, and a second transaction went to a different address. Arkham marks both outputs as already spent, meaning the coins have moved again.

In 2022, the government took roughly 94,000 BTC from Ilya Lichtenstein and Heather Morgan over the hack, and Arkham’s label for the sending wallet points to that seizure.

Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter.

No Exchange Deposit Recorded Arkham recorded no deposit to an exchange. An unlabeled destination does not by itself show whether the coins will be sold or kept. Unchained found no announcement from the Justice Department or the U.S. Marshals Service about the transfer at the time of publication.

Coinbase Prime Deposits a Day Earlier The move followed a separate batch on Wednesday, when government-linked wallets sent about $119 million in USDT, plus bitcoin, to Coinbase Prime deposit addresses, Arkham data shows. Arkham tied those funds to the FTX and Alameda seizures as well as the Bitfinex case. Coinbase Prime also offers custody, so a deposit there does not by itself indicate a sale. Seized crypto worth about $288 million also reached Coinbase Prime in July.

What the Executive Order Says A March 2025 executive order says government bitcoin deposited into the Strategic Bitcoin Reserve “shall not be sold and shall be maintained as reserve assets of the United States” for governmental objectives. The order lets agency heads dispose of government digital assets in specified cases, including “pursuant to an order from a court of competent jurisdiction” or where the assets can “be returned to identifiable and verifiable victims of crime.” Unchained found nothing stating whether the coins in this wallet have been placed in the reserve.

Related Listen: Chinese AI Models Are Defending Bitcoin Wallets Because US Models Won’t

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

Table of contents

Bitcoin rebounded above $82,000 on Friday, October 9, recovering from a 24-hour low near $80,496 after President Donald Trump said the United States would not strike Iran before the November 3 midterm elections. BTC traded around $82,488 at the time of writing, down about 0.6% over 24 hours with a market cap near $1.66 trillion, according to CoinDesk market data.

Trump made the pledge in a Truth Social post published at 12:17 p.m. ET on Thursday, describing talks with Iran as “productive” while insisting the U.S. blockade would “remain in full force and effect.” The statement removed the immediate threat of renewed military escalation that had lifted WTI crude from roughly $89 toward $93.20 a barrel and pushed bitcoin toward $80,300.

Why Bitcoin Rebounded Above $82,000 The turnaround followed about 24 hours of selling that began after reports that the Pentagon had instructed U.S. Central Command to prepare for resuming major combat operations in Iran. Those reports lifted oil and pressured risk assets, and bitcoin’s decline accelerated as leveraged long positions were flushed across the market, with more than $356 million in ether positions liquidated over 24 hours.

Selling ran out of steam near $80,300 once Trump’s post landed, and bitcoin steadily climbed back through $82,000. Ether, XRP and solana trimmed their losses alongside it, though the recovery stayed modest: bitcoin remained down about 2.4% over seven days and 5.8% year to date at the time of writing.

The oil reversal followed the same script. After rising from $89 toward $93.20, WTI crude fell back to roughly $90.69 a barrel, easing one of the clearest macro headwinds behind Thursday’s crypto sell-off.

Bitcoin Price Today: Key Levels to Watch Analysts are treating $81,000 as immediate support and $82,000 as the first resistance to reclaim. Giottus CEO Vikram Subburaj told CoinDesk that a break below $81,000 could send bitcoin toward $80,000 and then the more significant on-chain support near $77,200, while a recovery above $83,300 and then $85,500 would need stronger ETF inflows. BitDelta’s Purvang Mashru called $82,000 the key resistance, adding that a sustained reclaim with ether above $2,500 would stabilize the setup, whereas a break below $80,316 would raise downside risk.

Bitcoin’s 24-hour range spanned roughly $80,496 to $83,150, leaving the rebound short of reclaiming Thursday’s levels and keeping traders in a wait-and-see posture ahead of the midterm election.

Bitcoin had already slipped below $83,000 on Thursday as multi-decade-high Treasury yields, oil above $100 and spot ETF outflows converged, leaving the market exposed to the Iran headline before Friday’s rebound.

Bitcoin’s role is not limited to exchanges and ETFs. It is also a standard deposit option at online crypto casinos, and BlockchainReporter’s ranked crypto casino reviews compare these platforms on payout speed, licensing, and bonus terms.

The Bunker Mode Fears That Amplified the Drop A second, more technical concern compounded Thursday’s selling. Ethereum Foundation researcher Justin Drake had floated a “bunker mode” idea — a precautionary migration of crypto holdings to fresh addresses — if AI-accelerated mathematics were to weaken the elliptic-curve cryptography securing Bitcoin and Ethereum. The AI-signature warning drew sharp pushback: Coinbase’s top cryptographer Yehuda Lindell called the concerns “FUD,” Dragonfly’s Haseeb Qureshi described them as a “very sober call,” and Ethereum co-founder Vitalik Buterin said the risk is real but pointed to lattices rather than elliptic curves.

For now, the market’s recovery suggests traders treated Trump’s Iran statement as the more immediate catalyst, with the cryptography debate unresolved but not yet priced as an imminent threat.

Frequently Asked Questions What is the Bitcoin price today? Bitcoin traded near $82,488 on October 9, 2026, down about 0.6% over 24 hours, after rebounding from a session low near $80,496.

Why did Bitcoin rebound on October 9? President Donald Trump said the U.S. would not strike Iran before the November 3 midterm elections, easing geopolitical fears that had pushed oil higher and risk assets lower.

What is Bitcoin’s support level right now? Analysts are watching $81,000 as immediate support, with a break below roughly $80,300 potentially opening the path toward $80,000 and the on-chain support near $77,200.

What is Bitcoin’s resistance level right now? $82,000 is the first resistance to reclaim. A sustained move above it with ether above $2,500 and narrower altcoin losses would stabilize the setup, according to analysts.

Could Bitcoin fall again below $80,000? A break below $81,000 could take bitcoin toward $80,000, and a drop below $80,316 would increase downside risk, though Friday’s rebound has so far held above those levels.

Bitcoin price data and analyst commentary are sourced from CoinDesk as of October 9, 2026.

AUTHOR

Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.

Bitcoin fiyatı, ABD ile İran arasında yeni bir askeri çatışma yaşanabileceğine ilişkin haberlerin ardından 80.000 dolar seviyesine kadar geriledi. 9 Ekim öncesindeki son işlem hareketlerinde petrol fiyatları yükselirken yatırımcılar enflasyon ve faiz beklentilerini yeniden değerlendirmeye başladı. BTC, 21 Eylül’den bu yana görülmeyen seviyelere inerken piyasanın odağı 82.500 dolarlık kritik desteğe çevrildi.

Jeopolitik gerilim, yalnızca enerji piyasasını değil, küresel finans koşullarını da etkiliyor. Petrol maliyetlerindeki artış enflasyonu körükleyebilir ve merkez bankalarının faizleri uzun süre yüksek tutmasına neden olabilir. Bu ihtimal, kripto para piyasasında risk iştahını zayıflatan başlıca faktörlerden biri olarak öne çıkıyor.

ABD-İran Gerilimi Petrol Fiyatlarını Nasıl Etkiledi? NBC News’in Pentagon’dan bir yetkiliye ve konu hakkında bilgi sahibi bir kaynağa dayandırdığı habere göre ABD ordusu, İran’a yönelik yeni saldırı seçeneklerini değerlendiriyor olabilir. Bu haberin ardından petrol fiyatları yükseldi ve enerji piyasasında yeni bir arz endişesi oluştu.

WTI ham petrolün varil fiyatı 93,20 dolara ulaşarak 2 Ekim’den bu yana en yüksek seviyesini gördü. Brent petrol ise 105,88 dolara kadar çıktı. Petrol fiyatlarındaki bu hareket, Orta Doğu’daki çatışmanın enerji maliyetleri üzerindeki etkisinin devam ettiğini gösteriyor.

ABD Başkanı Donald Trump, Teksas eyaletinin San Antonio kentinde destekçilerine hitap ederken Orta Doğu Özel Temsilcisi Steve Witkoff’un İran’la barış anlaşması konusunda ilerleme kaydettiğini söyledi. Bununla birlikte Trump, diplomatik bir anlaşmaya kişisel olarak çok sıcak bakmadığını belirtti ve çatışmanın yakın zamanda sona erebileceğini ifade etti.

FED Faiz Artırımı Beklentisi Neden Güçleniyor? Enerji fiyatlarındaki yükseliş, tahvil piyasasında da dalgalanmayı artırdı. ABD’nin 30 yıllık tahvil getirisi yüzde 5,73’e çıkarak son 24 yılın zirvesini gördü, ardından yüzde 5,65’e geriledi. Piyasalar, savaşın yakıt maliyetleri ve enflasyon üzerindeki olası etkilerini yakından izliyor.

FED Yönetim Kurulu Üyesi Christopher Waller’ın açıklamaları da faiz beklentilerini etkiledi. Waller, ekonomik veriler beklentiler doğrultusunda gelmeye devam ederse enflasyonu yüzde 2 hedefine döndürmek için yeni faiz artışlarının gerekebileceğini söyledi. Ancak artışların art arda toplantılarda yapılmasının şart olmadığını, uygun bir zaman aralığında uygulanabileceğini de ekledi.

CME Group’un FedWatch verilerine göre aralık toplantısında 0,25 puanlık faiz artışı ihtimaline yönelik piyasa beklentisi yüzde 70’in üzerine çıktı. Ekim toplantısında ise faizlerin mevcut yüzde 3,75 ile yüzde 4 aralığında sabit tutulması temel beklenti olmaya devam etti.

Bitcoin İçin 82.500 Dolar Desteği Neden Kritik? Bitcoin, 81.000 dolara kadar gerileyerek 21 Eylül’den bu yana en düşük seviyesini gördü. Bu düşüş, daha önce fiyatın toparlanma sürecinde önem kazanan 82.500 dolarlık desteğin korunmasına ilişkin endişeleri artırdı.

Trader ve analist Rekt Capital, 82.500 dolar seviyesini Bitcoin’in bir sonraki piyasa yapısını belirleyebilecek temel eşik olarak değerlendiriyor. Analiste göre BTC, uzun vadeli dip seviyelerinden başlayan toparlanmanın ardından hâlâ geçiş aşamasında bulunuyor ve bu fiyat bölgesi yön tayini açısından önem taşıyor.

Söz konusu desteğin önemi, Bitcoin’in çok yıllı dip seviyesi olan yaklaşık 57.000 dolardan başlayan toparlanma hareketiyle de bağlantılı. Analistler, mevcut fiyat yapısında 82.500 doların korunup korunamayacağını yakından takip ediyor.

Bitcoin Düşüşü Tasfiyeleri Nasıl Artırdı? BTC’nin 82.000 doların altına inmesi, kripto para piyasasındaki kaldıraçlı uzun pozisyonlarda tasfiyeleri hızlandırdı. CoinGlass verilerine göre haberin yayımlandığı sırada farklı kripto varlıklardaki uzun pozisyon tasfiyeleri yaklaşık 430 milyon dolara ulaştı.

Bu tasfiyeler, fiyatın yükselmesini bekleyerek kaldıraç kullanan yatırımcıların pozisyonlarının otomatik olarak kapatıldığını gösteriyor. Tasfiye miktarındaki artış, düşüş sırasında satış baskısını daha da güçlendirebilir.

Bitcoin’in kısa vadeli görünümünü değerlendirirken 82.500 dolar desteği, petrol fiyatları, ABD tahvil getirileri ve FED beklentileri birlikte izlenmeli. Bu gelişmeleri takip ederek piyasa koşullarındaki değişimleri daha kapsamlı değerlendirebilirsiniz.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

3 Reasons Behind the Crypto Market's Aggressive Selloff: What to Expect Next?

MARA Holdings has transferred 996 Bitcoin worth approximately $81.13 million to a wallet identified as belonging to Galaxy Digital. The transfer comes as MARA shifts more of its business toward artificial intelligence (AI) and high-performance computing.

Meanwhile, Bitcoin fell close to $81,000, pushing total crypto liquidations above $1 billion.

MARA Moves 996 BTC to Galaxy DigitalBlockchain tracking platform Lookonchain flagged the transfer on Friday, October 9, 2026. The transaction involved 996 BTC worth $81.13 million, but it remains unclear whether MARA sold the Bitcoin or moved it for another purpose.

According to Bitcoin Treasuries data, MARA’s Bitcoin holdings fell from 53,822 BTC in February to 35,577 BTC in August. This shows how much the company’s reserves have declined in recent months.

In March, MARA sold 15,133 BTC for about $1.1 billion. The company used the proceeds mainly to buy back more than $1 billion in convertible debt at a discount, reducing its debt and potential future share dilution

The company has been selling Bitcoin to reduce debt and fund its move beyond cryptocurrency mining.

MARA Sells Bitcoin to Fund AI ExpansionMARA is also moving beyond its traditional Bitcoin mining business. The company is expanding into AI computing and data center infrastructure, where it can provide computing power for businesses.

In February, MARA announced a partnership with Starwood Capital Group to develop digital infrastructure sites for data centers and AI customers. The plan included about 1 gigawatt of near-term IT capacity, with the potential to expand further. 

The latest transfer could fit this broader treasury strategy, although it does not confirm another sale.

Bitcoin Nears $81K as Liquidations Top $1 BillionThe transfer comes as the crypto market faces renewed selling pressure. Bitcoin fell close to $81,000, triggering heavy losses across the market. Over the past 24 hours, total liquidations reached $1.03 billion, affecting 174,088 traders.

The sell-off also hit U.S. spot Bitcoin ETFs, which recorded $484.9 million in outflows on October 7, followed by another $244 million on October 8. 

Story Ends Here

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TLDR Table of Contents

MARA Holdings transferred 996.105 BTC worth approximately $81.13 million to Galaxy Digital. Blockchain records have not confirmed whether Galaxy Digital sold the transferred Bitcoin. MARA sold 23,093 BTC for approximately $1.6 billion during the first half of 2026. The company’s Bitcoin holdings stood at 35,577 BTC on June 30, down from 53,822 BTC at the end of 2025. MARA is expanding into AI and high-performance computing while managing its Bitcoin treasury and debt obligations. MARA Holdings transferred 996 Bitcoin, valued at $81.13 million, to a wallet linked to Galaxy Digital, according to blockchain tracker Lookonchain. The October 9 movement follows months of Bitcoin sales by the miner. However, available records do not establish whether Galaxy Digital sold the coins.

Transfer Raises Questions About Bitcoin Sale Lookonchain identified the sending address as MARA Miner and the receiving address as Galaxy Digital. The transaction involved 996.105 BTC. Galaxy Digital offers trading and custody services, so a transfer to its wallets does not necessarily represent a sale.

Neither company had explained the purpose of this movement in the reports reviewed. The transfer represented about 2.8% of MARA’s 35,577 BTC holdings reported for June 30, although that balance may have changed since then.

MARA Holdings Reduces Bitcoin Treasury MARA held 53,822 BTC at the end of 2025, compared with 35,577 BTC on June 30. Recent data on Bitcoin miner selling pressure showed fewer extreme outflows across the wider mining sector.

MARA Holdings sold 23,093 BTC during the first six months of 2026, raising approximately $1.6 billion. Its filing said these sales helped fund operations, manage cash needs and support future investments.

The company used $912.8 million to buy back about $1 billion in convertible debt. Its June holdings also included 4,742 BTC lent to third parties and 4,528 BTC pledged as loan collateral.

Bitcoin Market Faces Fresh Pressure Bitcoin recovered above $82,000 on Friday after declining during the week. Separately, US spot Bitcoin exchange-traded funds recorded $484.9 million in withdrawals on October 7. Those figures describe broader market conditions, not the purpose of MARA’s transaction.

MARA Holdings stock gained about 2% before Friday’s opening bell, approaching $10. The share movement followed Bitcoin’s rebound, although the transfer has not been tied to any confirmed sale.

AI Expansion Remains a Corporate Priority MARA Holdings is increasing its focus on artificial intelligence and high-performance computing. Second-quarter revenue fell 27% to $174.9 million, while the company recorded a $611.3 million net loss.

The strategy comes amid expanding demand for AI data centers and computing infrastructure, with new construction and technical hiring accompanying industry investment. MARA has identified digital infrastructure as its primary growth focus.

For now, the latest wallet movement adds to its record of active Bitcoin management. The company has not disclosed whether these particular coins supported trading, custody, or financing activity.

1 hours ago

According to EmberCN’s monitoring, as Bitcoin (BTC) rallied past $83,000, well-known trader AguilaTrades’ short position was just forced to stop loss, incurring an additional loss of roughly $250,000. AguilaTrades had not publicly opened any trading positions for 14 months prior, but has suffered consecutive losses since returning: he opened a long position yesterday, losing around $300,000; he then reversed to a short position, only to be stopped out near the low as BTC rallied, adding another ~$250,000 in losses. It is reported that his $700,000 principal has shrunk to approximately $150,000 in a single day, pushing his total cumulative losses to about $38.16 million.

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Analysis: AI leading stocks pushed the S&P 500 index up 117% during the bull market, with mounting market concentration risk.

Market analysis notes that since October 2022, the S&P 500 index has risen 117% cumulatively, driving the total market capitalization of U.S. stocks to increase by nearly $40 trillion, with the rally mainly fueled by AI-related stocks. Meanwhile, the S&P 500 Equal Weight Index has underperformed its market-cap weighted counterpart by 52 percentage points, hitting the widest gap in history—underscoring this bull market’s reliance on a small number of large tech stocks. Nvidia’s share price has surged more than 1900% cumulatively over the same period, while U.S. Treasury yields have recently risen to 5.34%, further stoking market concerns about valuation pressures. Investors are closely monitoring whether corporate earnings growth can sustain this bull market.

7 minutes ago

Injective Releases INJ and Proposed ETF Operational Guidelines, Detailing Token Economic Model and On-Chain Financial Applications

Injective has published a post explaining the relationship between its blockchain network, native token INJ, and the proposed Canary Staked INJ ETF (ticker: INJC). The blockchain serves as a transaction settlement infrastructure for financial applications, while INJ is used to pay network fees, stake to maintain network security, and participate in governance. If approved, INJC will offer investors exposure to INJ price movements and staking yields via traditional securities accounts. On the token economic front, Injective distributes staking rewards through protocol issuance and reduces circulating supply via token burns. Its Community BuyBack mechanism ties ecosystem revenue to INJ burns: participants receive a proportional share of an ecosystem asset basket based on the percentage of INJ they commit, while their committed INJ is burned. Regarding the ETF, Canary Capital has filed a related application with the U.S. SEC, naming BitGo Bank & Trust as the proposed custodian for INJ. Per the application documents, the fund plans to stake at least 90% of its INJ under normal conditions, with staking rewards typically reinvested. The product remains a proposal and is pending regulatory approval.

7 minutes ago

Iran's Revolutionary Guard: Will henceforth punish vessels violating rules outside the Strait of Hormuz.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it attacked a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz several hours ago. The group later released a statement noting that effective immediately, any vessel committing violations outside the Strait of Hormuz will also face "punishment". The statement did not elaborate further on the specific scope of the violations or the details of the punishment measures.

7 minutes ago

Circle Issues Additional 250 Million USDC on Solana Network

According to Whale Alert monitoring, a Circle address minted 250 million USDC on the Solana blockchain five minutes ago, valued at approximately $250 million.

7 minutes ago

Ledger users suspected victims of large-scale crypto theft attack; on-chain analysts report losses exceeding $86 million

On-chain analyst Specter published a report noting that multiple Ledger user wallet theft incidents have been recently reported on X and Reddit. After tracing the relevant stolen addresses, he discovered the funds came from hundreds of victim wallets, spanning multiple mainstream blockchains including Ethereum, Tron, and Bitcoin, with total losses exceeding $86 million. The analyst has now disclosed multiple addresses linked to the cases, though the attack’s cause, exact number of affected users, and whether Ledger has security vulnerabilities remain unconfirmed. Current information is primarily sourced from on-chain tracking and community reports and requires further verification.

7 minutes ago

An iPhone version of Doubao mobile assistant has emerged? Developer demonstrates controlling an iPhone using Opus 5.5

Beating AI Express: Developer Finn Voorhees has demonstrated an AI agent capable of directly operating an iPhone. He only sent one prompt asking the agent to find the cheapest Ryanair flight to London for the next day. The agent then opened Ryanair on its own, input the destination, selected the date, checked fares, and finally returned to the chat interface to report the result—no computer was involved throughout the process. This agent runs in PiChat, an iPhone chat app developed by Voorhees. It leverages his previously open-sourced PiDurableKit at its core, running the Pi Agent on the iPhone via Apple’s JavaScriptCore to handle model calls, tool execution, and task management. The video uses Claude Opus 5.5, with model inference still running in the cloud. To enable the agent to continue working after switching to other apps, PiChat also uses Apple’s background task mechanism and saves execution progress via SQLite for easy resumption after interruptions. The most critical cross-app control code has not been made public. When activating iPhone Control in the video, the system required entering the lock screen password to enable XCTest UI automation. XCTest is Apple’s UI testing framework that can simulate taps, swipes, and text input. The open-source project TouchSynthesis leverages XCTest’s private interfaces to let iPhones generate touch events on their own, eliminating the need for real-time computer control. However, Voorhees has not confirmed whether he used this approach.

7 minutes ago

Binance, the world’s largest cryptocurrency exchange, announced its new platform, Binance Alpha, in recent years to introduce early-stage altcoin projects.

Binance, which has added many altcoins for listing, has now announced a delisting for its Binance Alpha platform. According to the announcement, Binance Alpha has implemented a comprehensive altcoin review mechanism.

At this point, Binance Alpha announced that it had delisted 14 altcoins following a comprehensive review that included factors such as liquidity and trading volume.

“Based on recent reviews, the following token(s) do not meet Binance Alpha’s standards and will be removed from the featured list on 09.10.2026 at 08:00 (UTC):”

SUP (Superp), CUDIS (CUDIS), PYTHIA (PYTHIA), BLUM (Blum), KIN (Kindred Labs), DN (DeepNode), GAIA (Gaia), STRIKE (StrikeBit AI), CDL (Creditlink), KO (Kyuzo’s Friends), VRA (Verasity), EPT (Balance), SLX (SLIMEX) and CAI (CharacterX)

Binance Alpha announced that withdrawal and sales transactions would continue even after the token was delisted.

Both Altcoins Face Delisting Risk! In addition to the 14 altcoins, Binance announced that it has added two more altcoins to its watchlist. Accordingly, Binance announced that it will expand its Watch Label to include Biconomy (BICO) and Civic (CVC). The addition of these two altcoins to the watchlist does not automatically mean they will be delisted.

“According to recent assessments, Binance will expand its Tracking Tag feature to include more tokens on October 9, 2026.”

The tokens to be added to the Tracking Tag list are: BICO and CVC.

Binance will conduct periodic project reviews and decide whether to add or remove the Tracking Tag from tokens based on its latest findings.

*This is not investment advice.

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US spot Bitcoin and Ethereum exchange-traded funds (ETFs) continued to see significant investor withdrawals on October 8, as the broader cryptocurrency market faced mounting pressure.

Bitcoin and Ethereum ETF outflows accelerateFarside Investors reported that Bitcoin ETFs recorded $244.1 million in net outflows during the most recent trading session, while Ethereum ETFs experienced $72.5 million in withdrawals. Together, the two asset classes lost a combined total of $316.6 million in a single day.

This heightened pace of outflows has led some market analysts to question whether the historically bullish trend known as “Uptober” will hold true in 2024. Traditionally, October has brought gains for major cryptocurrencies, but this year, persistent ETF withdrawals suggest a more cautious approach by institutional investors.

In the first six trading sessions of October, Bitcoin ETFs saw cumulative net outflows exceeding $820 million, with the pace of withdrawals increasing throughout the second week. The single largest daily withdrawal occurred on October 7, when investors pulled $484.9 million out of Bitcoin ETFs.

On October 8, Bitcoin ETFs recorded $244.1 million in outflows, following $484.9 million withdrawn in the prior session, underlining the recent surge in investor caution.

Among major ETF providers, BlackRock’s iShares Bitcoin Trust (IBIT) posted $5.5 million in withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC), lost $197.1 million. Other notable funds, Bitwise’s BITB and Ark Invest’s ARKB, recorded $17.7 million and $20.3 million in outflows, respectively. One exception was Franklin Templeton’s OnChain US Bitcoin ETF (EZBC), which attracted $4.7 million in net inflows.

ETFNet Flow (Oct. 8)IBIT (BlackRock)-$5.5 millionFBTC (Fidelity)-$197.1 millionBITB (Bitwise)-$17.7 millionARKB (Ark Invest)-$20.3 millionEZBC (Franklin Templeton)+$4.7 millionMini dictionary: Franklin Templeton is a major US-based asset management company with over $1 trillion in assets under management, known for offering a wide range of investment products, including ETFs.

Ethereum ETFs mirror Bitcoin’s lossesEthereum ETFs have also experienced heavy redemptions in October, with total outflows exceeding $600 million as of October 8. The largest single-day withdrawal for Ethereum ETFs was recorded on October 6, when $201.9 million exited, followed by $160.9 million on October 7.

On October 8, BlackRock’s iShares Ethereum Trust (ETHA) reported $71.1 million in withdrawals, while Fidelity’s FETH saw $5.5 million in new investments. Grayscale’s ETHE, another major Ethereum product, posted $6.1 million in outflows.

ETFNet Flow (Oct. 8)ETHA (BlackRock)-$71.1 millionFETH (Fidelity)+$5.5 millionETHE (Grayscale)-$6.1 millionThe latest ETF withdrawals coincided with a wider selloff in cryptocurrency markets. Over the past 24 hours, Bitcoin slid roughly 0.44%, changing hands at around $62,660 on October 8. Ethereum traded close to $2,500 as risk-averse investors reduced exposure to major digital assets.

Market volatility and liquidationsThe downturn in prices contributed to significant liquidations among leveraged traders. In the past 24 hours, approximately $1.19 billion in cryptocurrency positions were liquidated, including $356 million in Ethereum and $298 million in Bitcoin trades.

Sharp outflows from Bitcoin and Ethereum ETFs reflect a shift in market sentiment, which also triggered over $1 billion in leveraged crypto liquidations within a single day.

These developments together highlight increasing caution in the market, amid investor wariness regarding possible short-term downturns in digital asset prices.

Analysis: AI leading stocks pushed the S&P 500 index up 117% during the bull market, with mounting market concentration risk.

Market analysis notes that since October 2022, the S&P 500 index has risen 117% cumulatively, driving the total market capitalization of U.S. stocks to increase by nearly $40 trillion, with the rally mainly fueled by AI-related stocks. Meanwhile, the S&P 500 Equal Weight Index has underperformed its market-cap weighted counterpart by 52 percentage points, hitting the widest gap in history—underscoring this bull market’s reliance on a small number of large tech stocks. Nvidia’s share price has surged more than 1900% cumulatively over the same period, while U.S. Treasury yields have recently risen to 5.34%, further stoking market concerns about valuation pressures. Investors are closely monitoring whether corporate earnings growth can sustain this bull market.

6 minutes ago

Injective Releases INJ and Proposed ETF Operational Guidelines, Detailing Token Economic Model and On-Chain Financial Applications

Injective has published a post explaining the relationship between its blockchain network, native token INJ, and the proposed Canary Staked INJ ETF (ticker: INJC). The blockchain serves as a transaction settlement infrastructure for financial applications, while INJ is used to pay network fees, stake to maintain network security, and participate in governance. If approved, INJC will offer investors exposure to INJ price movements and staking yields via traditional securities accounts. On the token economic front, Injective distributes staking rewards through protocol issuance and reduces circulating supply via token burns. Its Community BuyBack mechanism ties ecosystem revenue to INJ burns: participants receive a proportional share of an ecosystem asset basket based on the percentage of INJ they commit, while their committed INJ is burned. Regarding the ETF, Canary Capital has filed a related application with the U.S. SEC, naming BitGo Bank & Trust as the proposed custodian for INJ. Per the application documents, the fund plans to stake at least 90% of its INJ under normal conditions, with staking rewards typically reinvested. The product remains a proposal and is pending regulatory approval.

6 minutes ago

Iran's Revolutionary Guard: Will henceforth punish vessels violating rules outside the Strait of Hormuz.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it attacked a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz several hours ago. The group later released a statement noting that effective immediately, any vessel committing violations outside the Strait of Hormuz will also face "punishment". The statement did not elaborate further on the specific scope of the violations or the details of the punishment measures.

6 minutes ago

Circle Issues Additional 250 Million USDC on Solana Network

According to Whale Alert monitoring, a Circle address minted 250 million USDC on the Solana blockchain five minutes ago, valued at approximately $250 million.

6 minutes ago

Ledger users suspected victims of large-scale crypto theft attack; on-chain analysts report losses exceeding $86 million

On-chain analyst Specter published a report noting that multiple Ledger user wallet theft incidents have been recently reported on X and Reddit. After tracing the relevant stolen addresses, he discovered the funds came from hundreds of victim wallets, spanning multiple mainstream blockchains including Ethereum, Tron, and Bitcoin, with total losses exceeding $86 million. The analyst has now disclosed multiple addresses linked to the cases, though the attack’s cause, exact number of affected users, and whether Ledger has security vulnerabilities remain unconfirmed. Current information is primarily sourced from on-chain tracking and community reports and requires further verification.

6 minutes ago

An iPhone version of Doubao mobile assistant has emerged? Developer demonstrates controlling an iPhone using Opus 5.5

Beating AI Express: Developer Finn Voorhees has demonstrated an AI agent capable of directly operating an iPhone. He only sent one prompt asking the agent to find the cheapest Ryanair flight to London for the next day. The agent then opened Ryanair on its own, input the destination, selected the date, checked fares, and finally returned to the chat interface to report the result—no computer was involved throughout the process. This agent runs in PiChat, an iPhone chat app developed by Voorhees. It leverages his previously open-sourced PiDurableKit at its core, running the Pi Agent on the iPhone via Apple’s JavaScriptCore to handle model calls, tool execution, and task management. The video uses Claude Opus 5.5, with model inference still running in the cloud. To enable the agent to continue working after switching to other apps, PiChat also uses Apple’s background task mechanism and saves execution progress via SQLite for easy resumption after interruptions. The most critical cross-app control code has not been made public. When activating iPhone Control in the video, the system required entering the lock screen password to enable XCTest UI automation. XCTest is Apple’s UI testing framework that can simulate taps, swipes, and text input. The open-source project TouchSynthesis leverages XCTest’s private interfaces to let iPhones generate touch events on their own, eliminating the need for real-time computer control. However, Voorhees has not confirmed whether he used this approach.

6 minutes ago

Bitcoin traded near the $82,000 mark on Friday as rising oil prices and geopolitical tensions increased pressure on risk assets. The cryptocurrency was last seen trading at $82,648.

Over the past 24 hours, Bitcoin fell 0.44%, while Ethereum declined 2.47% to trade around $2,498. Among major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano fell by up to 6.26%.

Piyush Walke, Derivatives Research Analyst at Delta Exchange, said Bitcoin was down, triggering nearly $1 billion in liquidations across the cryptocurrency market as rising oil prices and geopolitical tensions increased pressure on risk assets.

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Walke further said that the decline in Bitcoin and technology stocks was also driven by concerns that OpenAI’s revenue was $20 billion below expectations, contributing to losses in major technology companies such as Nvidia and Intel.

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The broader decline highlights continued volatility across the cryptocurrency market as investors respond to geopolitical risks, macroeconomic uncertainty, and weakness in technology stocks, Walke said.

The global crypto market capitalisation was down 1.13% to $2.79 trillion on Friday, according to the data on CoinMarketCap.

Minal Thukral, Executive VP-Growth & Crypto Business Head at CoinDCX said the crypto fear and greed index plunged to 55 while the market sentiments remain neutral.

Thukral further said that over $1.19 billion has been liquidated in the past 24 hours and interestingly the largest liquidation in the history of around $16 billion also occurred at the same time, last year.

Over the last week, Bitcoin was down 4.65% and Ethereum was down 9.45%. Among the major altcoins, BNB, Tron, Dogecoin, Hyperliquid and Cardano corrected upto 12.30%.

Prateek Gupta, Head of Business, Mudrex said Bitcoin dropped to $80,400, its lowest since September 21, before recovering above $81,000 after Trump ruled out US strikes on Iran before the midterms. The sell-off came as Fed minutes showed expectations of another rate hike before year-end, with the 10-year Treasury yield at a 24-year high near 5.3%, while oil spiked toward $105.

About $1.8 billion in options expire on Friday, further adding to the volatility. Bitcoin’s support has moved down to $80,000, while resistance stood at $85,000, Gupta mentioned.

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Market perspective

CoinSwitch Markets Desk: BTC approached $80K due to a broader risk-off move across crypto and technology stocks, driven by rising oil prices, geopolitical uncertainty and weakness in risk assets. The pullback also extended to AI infrastructure plays, reflecting concerns around financing costs and broader market sentiment.

Vikram Subburaj, CEO, Giottus: For investors, $81,000 is the immediate level to watch. Fresh purchases can be staggered instead of being committed in 1 trade, while high leverage is best avoided until Bitcoin recovers $83,300 and then $85,500 with stronger ETF inflows.

Nischal Shetty, Founder, WazirX: Bitcoin fell to around $80,000 on Thursday as renewed geopolitical tensions involving Iran, institutional outflows and concerns about AI-enabled security threats affected sentiment across the crypto market. The broader crypto market capitalisation stood at $2.77 trillion, with 24-hour trading volume of $120.75 billion.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)