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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

Crypto card spending jumps 140 percent this year on stablecoin spread

Crypto card payment processing rose to a record $12.5 billion, up 140 percent from the start of the year, Bitcoin Magazine reported, citing paymentscan.xyz. The market sees stablecoins becoming payment infrastructure and rising demand for cheaper, faster cross-border transactions. Jupiter Spend’s active cards rose 55 percent from the prior quarter. Fold Holdings began issuing its Fold Bitcoin Credit Card to some waitlist users. Aven unveiled a bitcoin-collateral Visa card with loans up to $1 million.

Crypto

Bitcoin fails again at $85,000 as long-term holdings cap gains

Bitcoin failed to regain $85,000 and gave up gains as U.S. Treasury yields climbed to multi-decade highs, pressuring stocks and precious metals. It rose to $84,540 after the U.S. stock market opened but fell below $83,600. Analysts pointed to thicker sell resistance near $85,000. Glassnode said long-term holder coins are concentrated around $84,000 to $85,000, and the price must break and hold above that level for the rally to continue.