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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

Institutional indicators turn negative, bitcoin correction risk grows

Bitcoin is weakening as spot and futures demand slows and exchange-traded fund outflows increase, according to a report citing CryptoQuant analyst Darkfost. Spot demand fell to minus 145,000 BTC, while futures demand stayed positive but slowed. The Coinbase Premium Index turned negative, suggesting weaker institutional appetite. CoinGlass data showed net ETF outflows of $308 million, the largest single-day outflow in two months.