**đ Crypto Market Update â Oct 2, 2026**
**$BTC : +2.77% on the day, trading at ~86,433 USDT**
BTC opened the month with a strong push, climbing from ~84,100 to a high of 86,884 before consolidating around 86,400. The bulk of the move happened in the Asian session, with volume spiking during the 12:00 UTC+8 candle. Short-term momentum is bullish but approaching overbought territory â key support sits near 85,000, resistance around 87,000.
**$ETH : +2.50% on the day, trading at ~2,748 USDT**
ETH tracked BTC higher, moving from ~2,680 to 2,777 intraday before pulling back slightly. Relative strength vs BTC is roughly in line â no major outperformance or divergence yet.
**đ„ Top headlines moving markets today:**
1. **Bitget hack update â ~387.5M USDT stolen, attacker consolidating into $BTC**
The September 25 exploit (zero-day in third-party security tool) has the attacker converting stolen stablecoins and XAUt into ETH/AVAX, then bridging to BTC via THORChain and Chainflip, and using CoinJoin to mix funds. Over 342M USDT remains under attacker control. Initial clues point to North Korean hackers. This adds near-term sell-side risk if the attacker offloads BTC.
2. **Ethereum EIP-8363 withdrawn â no staking reward burn in HegotĂĄ upgrade**
The proposal that would have burned validator rewards as staking supply grew has been pulled by its author. Staking yields stay at current levels (~2.6% net), which means less deflationary pressure on ETH supply than the market had priced in. Slightly bearish for ETH and LDO-type staking tokens.
**đĄ Quick take:**
October is off to a green start, but two overhangs are worth watching â the Bitget hacker's BTC holdings (potential dump risk) and the EIP-8363 withdrawal (removing a supply-burn catalyst for ETH). Stay nimble, keep an eye on the 85,000 level on BTC â a break below could signal a deeper pullback.
*Data as of 19:12 UTC+8, Oct 2. Not financial advice â DYOR.*
#btc #eth #sol
**$BTC : +2.77% on the day, trading at ~86,433 USDT**
BTC opened the month with a strong push, climbing from ~84,100 to a high of 86,884 before consolidating around 86,400. The bulk of the move happened in the Asian session, with volume spiking during the 12:00 UTC+8 candle. Short-term momentum is bullish but approaching overbought territory â key support sits near 85,000, resistance around 87,000.
**$ETH : +2.50% on the day, trading at ~2,748 USDT**
ETH tracked BTC higher, moving from ~2,680 to 2,777 intraday before pulling back slightly. Relative strength vs BTC is roughly in line â no major outperformance or divergence yet.
**đ„ Top headlines moving markets today:**
1. **Bitget hack update â ~387.5M USDT stolen, attacker consolidating into $BTC**
The September 25 exploit (zero-day in third-party security tool) has the attacker converting stolen stablecoins and XAUt into ETH/AVAX, then bridging to BTC via THORChain and Chainflip, and using CoinJoin to mix funds. Over 342M USDT remains under attacker control. Initial clues point to North Korean hackers. This adds near-term sell-side risk if the attacker offloads BTC.
2. **Ethereum EIP-8363 withdrawn â no staking reward burn in HegotĂĄ upgrade**
The proposal that would have burned validator rewards as staking supply grew has been pulled by its author. Staking yields stay at current levels (~2.6% net), which means less deflationary pressure on ETH supply than the market had priced in. Slightly bearish for ETH and LDO-type staking tokens.
**đĄ Quick take:**
October is off to a green start, but two overhangs are worth watching â the Bitget hacker's BTC holdings (potential dump risk) and the EIP-8363 withdrawal (removing a supply-burn catalyst for ETH). Stay nimble, keep an eye on the 85,000 level on BTC â a break below could signal a deeper pullback.
*Data as of 19:12 UTC+8, Oct 2. Not financial advice â DYOR.*
#btc #eth #sol