Our Daily Crypto Briefing, your morning dose of whats relevant.
Bitcoin held a tight $80,800 to $82,200 range on Sunday while a $52 million chip-futures wipeout on crypto venues and the White House crypto adviser's exit set the tone ahead of a risk-sensitive Monday.
Bitcoin spent Saturday in a tight band around $81,500 as volume thinned and traders waited for a weekend reclaim of $82,000. Ether held near $2,420, while Zcash slid about 5% on liquidations and upgrade debate.
Bitcoin held about $82,500 on Friday after Fed Chair Warsh gave no October rate signal and hike odds fell to roughly 15%. Liquidations eased to $311 million, yet funds still saw $434 million of weekly outflows.
Bitcoin dipped below $80,000 for the first time since mid-September before recovering to about $82,000, as a Kospi rout, a hot PPI print and AI credit stress drove nearly $1 billion in liquidations.
A hotter-than-expected September CPI (3.7% headline, 2.6% core) lifted Treasury yields and October Fed hike odds to 44%, pushing bitcoin from $84,000 to about $82,000 before it slid below $81,000 overnight. Ether and altcoins lagged.
Bitcoin dipped below $81,000 and rebounded above $83,000 as a Kospi rout triggered about $800 million in mostly long liquidations. All eyes now turn to today's US CPI print, with positioning lighter and options hedging rising.
Bitcoin held near $83,500 on Monday as Treasury yields, Middle East tension and AI-bubble worries capped risk appetite, while a Ledger supply-chain theft and Wednesday's CPI print set the tone for the week.
Bitcoin rose about 1% to $83,900 on Sunday after Trump announced a Russia-Ukraine energy ceasefire that Kyiv had not yet seen details of. With the Clarity Act stalled, agencies now set crypto rules, and September CPI lands Wednesday.
Bitcoin held near $82,800 on a quiet Saturday as crypto marked one year since the $19 billion October 10 crash. Bitcoin and ether books are deeper than back then, altcoin liquidity is not, and a decade-old XRP Ledger bug came to light.
Bitcoin broke below $84,000 as Iranian tanker attacks pushed Brent above $101, triggering $547M in liquidations. Bitmine signalling an end to ether buying and a second layer-2 shutdown deepened the altcoin selloff.
Bitcoin held a tight $85,500 to $86,400 range on October 6 as US stocks closed at records and the dollar slipped below 102. FinCEN withdrew its $10,000 self-custody reporting proposal, and the Fed minutes land today.
Bitcoin pushed to within $500 of its eight-month high near $87,000 on Monday before reversing under $86,000, as a surging dollar and 5.25% yields capped the rally. Ether's Q3 outperformance hides thinning liquidity.