Key Takeaways

Bitcoin recovered from $80,350 to above $83,000 on Friday before consolidating near $82,500.

Crypto liquidations exceeded $1 billion over 24 hours amid heightened market volatility.

Ledger acknowledged reports of stolen funds involving devices purchased through a third-party reseller in Southeast Asia.

$84,000 remains a key resistance area, with substantial sell-side liquidity identified near that level.

Bitfinex Alpha expects Bitcoin to trade between $81,300 and $86,500 ahead of the October 14 U.S. CPI release.

Bitcoin Rebounds as Crypto Markets Stabilize

Bitcoin traded near $82,500 on Friday, recovering from Thursday's decline despite renewed concerns surrounding cryptocurrency hardware wallet security.

BTC briefly reclaimed $83,000 during the U.S. trading session after falling to approximately $80,350 the previous day.

According to CoinGlass data cited in the report, rolling 24-hour crypto liquidations exceeded $1 billion, while exchange order-book liquidity remained concentrated around $84,000.

Ledger Investigates Reported Hardware Wallet Theft

Cryptocurrency hardware wallet manufacturer Ledger acknowledged reports of missing funds involving devices purchased through CryptoBillis, a third-party reseller in Southeast Asia.

Ledger advised affected customers who had already configured their devices to consider transferring assets to a new device with a newly generated recovery phrase.

The cause and extent of the reported thefts remain unconfirmed. There is no established evidence that Ledger's core wallet technology was compromised.

The broader cryptocurrency market showed no significant additional selling pressure immediately following the reports.

U.S. CPI Could Determine Bitcoin's Next Move

Traders are now monitoring Bitcoin's ability to maintain support near $82,500, a level that has played an important role in recent price action.

In its latest market outlook, Bitfinex Alpha projected continued consolidation between $81,300 and $86,500 ahead of the October 14 U.S. Consumer Price Index (CPI) report.

The research team also identified $84,000 as a level likely to face repeated tests.

The upcoming inflation release could influence Federal Reserve interest-rate expectations and provide the next significant catalyst for Bitcoin and broader cryptocurrency markets.