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Crypto

Bitcoin holds $80,000 after AI-driven stock selloff wipes out $400 million in long positions

Bitcoin briefly fell below $80,000 over the weekend, touching $79,280 before recovering. The move followed further declines after a stock selloff linked to concerns over fundraising in the AI industry. Liquidations totalled $436.4 million over four hours, with long positions accounting for $404.2 million. U.S. spot bitcoin ETFs saw $635 million in net outflows on Oct. 22. Separately, Arthur Hayes said he closed directional positions for Maelstrom.

Crypto

Bitcoin hashrate recovers 45 percent; CryptoQuant calls it an indirect bullish signal

Bitcoin hashrate has rebounded about 45 percent from its low this summer, a move seen as an indirect bullish signal reflecting support from institutional money. CryptoQuant CEO Ki Young Ju said publicly listed bitcoin miners backed by traditional finance are expanding operations, lifting network computing power. CryptoQuant data show hashrate rose from about 726 EH/s in July to about 1,050 EH/s on Wednesday, still below the 1,305 EH/s peak in October 2025.

Crypto

Ramaswamy dials back crypto talk in Ohio governor race after \'bitcoin\' push in presidential run

Vivek Ramaswamy has not put cryptocurrency at the centre of his Ohio governor campaign, unlike during the 2024 Republican presidential primary when he backed bitcoin and mining and opposed a central bank digital currency. He still has financial and political ties to the sector, including donations and holdings linked to asset manager Strive. Polling and local concerns such as data centres and utility costs appear to be more prominent election issues in Ohio.