Last week stocks went up and crypto went down. S&P 500 +1.2%. Bitcoin -3.2%, ETH -7.0%, SOL -8.4%, XRP -7.3%.
It started Tuesday night, US time: BTC broke below $84,000, and CoinGlass counted $487M in long liquidations over 24 hours. The slide kept going until Thursday afternoon UTC, low of the week $80,394. Weekly close $83,773.
The ETF bid flipped. Spot BTC ETFs saw roughly $680M in net outflows, two weeks after a $2.4B inflow week. Strategy still added 334 BTC, now 848,000.
The Fed gave no relief. Wednesday's minutes: most officials see another hike as likely by year end. US 10-year stayed above 5.2% all week.
Iran: Bessent says the US will "probably" seize about $1B in Iran-linked crypto. Trump says no strike before the Nov 3 midterms, blockade stays. Brent +4% on Thursday, $104.72 at the close.
China called for a national blockchain network in its Oct 9 economic guidelines. No mention of crypto.
Fear & Greed (alternative.me): 70 Monday, 59 Friday, 69 today. Still Greed.
Next: September CPI on Wednesday, Oct 14.
(Binance candles UTC, Yahoo Finance, The Block, SEC 8-K, Federal Reserve, crypto.news, Cointelegraph, CBS News)
Lets pray we win this week đđŒ
#BitcoinReclaims$84K
It started Tuesday night, US time: BTC broke below $84,000, and CoinGlass counted $487M in long liquidations over 24 hours. The slide kept going until Thursday afternoon UTC, low of the week $80,394. Weekly close $83,773.
The ETF bid flipped. Spot BTC ETFs saw roughly $680M in net outflows, two weeks after a $2.4B inflow week. Strategy still added 334 BTC, now 848,000.
The Fed gave no relief. Wednesday's minutes: most officials see another hike as likely by year end. US 10-year stayed above 5.2% all week.
Iran: Bessent says the US will "probably" seize about $1B in Iran-linked crypto. Trump says no strike before the Nov 3 midterms, blockade stays. Brent +4% on Thursday, $104.72 at the close.
China called for a national blockchain network in its Oct 9 economic guidelines. No mention of crypto.
Fear & Greed (alternative.me): 70 Monday, 59 Friday, 69 today. Still Greed.
Next: September CPI on Wednesday, Oct 14.
(Binance candles UTC, Yahoo Finance, The Block, SEC 8-K, Federal Reserve, crypto.news, Cointelegraph, CBS News)
Lets pray we win this week đđŒ
#BitcoinReclaims$84K