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Crypto

Bitcoin warned could retest $80,000 level as tech earnings and rates come into focus

Bitcoin started the third week of October trading around $82,000, with forecasts that it could retest support at $80,000. Cointelegraph said bitcoin ended the week below a key support zone as U.S. stocks attempted to recover losses. Attention this week shifts to corporate earnings, including results from SpaceX, Tesla and Meta. Investors are also watching the Federal Reserve’s Oct. 28 rate decision and inflation data.

Crypto

Bitcoin U.S. demand slumps; Coinbase premium hits lowest since July

Signs are emerging that U.S. demand for bitcoin is weakening, with the Coinbase premium index falling to its lowest level since July, CryptoPolitan reported. The price gap between Coinbase and global markets stood at minus 0.19 percent. In October the index widened its negative reading as bitcoin moved between $80,000 and $85,000. Analysts cited continued selling pressure from large U.S. investors even as on-chain accumulation persisted.

Crypto

Bitcoin wobbles as Clarity Act stalls, U.S. buying fades

U.S. demand for bitcoin weakened after the U.S. Senate failed to secure 60 votes needed to advance the Clarity Act. The Coinbase premium fell to a one-month low, signaling relatively weaker demand on Coinbase than on Binance. On-chain data showed short-term holders sent up to 34,000 BTC to exchanges in 24 hours, much of it at a loss. Analysts highlighted diverging flows between Binance and Coinbase after mid-September.