Bitcoin was heading toward a weekly decline on Friday as a late rebound lost momentum, while crypto markets absorbed fresh security concerns, reduced exchange-traded fund demand and changing expectations for U.S. interest rates. The broader market also tracked developments in energy, employment and digital-asset infrastructure.
Bitcoin and ether struggle to hold their rebound
Bitcoin traded at $82,450 shortly before the U.S. stock market close, according to CoinDesk. The price was up 1% over 24 hours but about 1% below Friday’s intraday high, leaving the cryptocurrency down nearly 3% for the week. Bitcoin had climbed to just below $87,000 on Sunday evening before spending most of the week under pressure.
Ether showed a similar pattern with a larger weekly decline. It gained 1.3% over 24 hours but was down 7% across the week.
Several factors weighed on digital assets during the five-day period, including higher oil prices and interest rates, concerns that artificial intelligence could threaten hardware-wallet security, and reports of a potential Ledger-related theft. The one-year anniversary of last year’s 10/10 flash crash also added to the market’s cautious tone.
Attention is now turning to the next U.S. inflation releases. September consumer-price and producer-price reports are due next week and will be watched as the Federal Reserve considers when to raise its benchmark federal funds rate again. Market betting currently favors no 25-basis-point increase at the Fed’s October 27-28 meeting, with expectations instead pointing to a possible resumption of tightening in December.
ETF flows and the Ledger investigation add to pressure
U.S. spot XRP exchange-traded funds were the only crypto ETF group to record net inflows on Thursday, taking in about $8 million. All of that money went into Franklin Templeton’s XRPZ, which added about 6 million XRP. The other four XRP funds reported no flows.
Bitcoin ETFs, by contrast, lost about $244 million after a $485 million withdrawal on Wednesday. Their combined two-day outflow reached roughly $729 million. Ether funds recorded approximately $73 million in outflows, while Solana funds lost about $3 million. The lone U.S. spot Zcash ETF shed around $19 million, its fifth withdrawal in six trading sessions during October.
XRP funds have attracted about $1.81 billion since launch, ahead of the approximately $1.59 billion directed into SOL ETFs. The ETF movements came as $1.19 billion in leveraged crypto positions were liquidated and bitcoin dropped to around $80,400 before recovering.
Separately, Ledger said it was investigating reports of missing customer funds connected to devices sold by CryptoBilis, a reseller in Southeast Asia. Blockchain investigator Specter estimated that more than $86 million in cryptocurrency may have been taken from hundreds of wallets, but the amount has not been independently confirmed by Ledger.
The company asked the reseller to halt sales and shipments. Ledger advised customers who bought devices from the reseller during the previous 90 days not to set them up, while those who had already activated wallets were told to consider transferring assets to a new Ledger device with a newly generated recovery phrase.
The investigation has not established how the losses occurred, whether the reported incidents are connected or how many users were affected. Ledger said there was no confirmed evidence in the supplied material that its own systems or wallet technology had been compromised. The potential incident follows other large crypto exploits, including more than $350 million stolen from Bitget last month.
Strategy preferred stock and corporate crypto activity
Strategy’s high-yielding preferred stock, STRC, reached $99.71, its strongest level since the June market panic. The shares had previously fallen from about $100 to $71.25. Support in recent months has followed bitcoin’s recovery from $60,000 and the company’s stated commitment to maintaining a 12% dividend.
Strategy has used common-stock sales to build a U.S. dollar reserve for dividend payments and has also repurchased STRC. The preferred stock remains below $100, a level viewed as important in the report because reaching it could allow Strategy to issue additional STRC to help finance further bitcoin purchases.
Preferred shares issued by smaller peer Stive, known as SATA, had traded above $100 for several weeks but fell back to $99 this week.
Elsewhere, MARA Holdings transferred 996 BTC worth $81.13 million to a Galaxy Digital address, according to Lookonchain. A sale has not been confirmed. MARA’s bitcoin holdings declined from 53,822 BTC in February to 35,577 BTC in August as the miner sold coins to reduce debt while expanding into artificial-intelligence infrastructure.
Robinhood is also exploring a tokenized version of an actively managed ETF with T. Rowe Price. The proposed Stock Token would be linked to an actively managed fund and trade on Robinhood Chain, but the discussions remain preliminary and require legal due diligence, board approval, final terms and regulatory clearances.
Energy, rates and the wider market
President Donald Trump said on Truth Social that Russia had agreed to supply more than 300,000 tons of diesel fuel immediately, another 500,000 tons in November and 1 million tons thereafter, with a possible additional 3 million tons depending on refinery conditions. November heating-oil prices fell 1.6% to $4.66 a gallon after the post. The 10-year U.S. Treasury yield was 5.25%, up two basis points on the day after the move.
Canada’s September jobs report showed a loss of 68,300 positions, following a 41,700-job decline in August. The unemployment rate rose to 6.5% from 6.4%, and the Canadian dollar fell about 0.5% against the U.S. dollar.
Moneyiar market data at 11:34 a.m. on October 11, 2026, showed bitcoin at $82,969.46, up 0.28% over 24 hours but down 2.74% over seven days. Zcash was $1,233.59, up 0.69% daily and down 7.51% weekly. NEAR Protocol traded at $5.26, down 0.02% in 24 hours and up 7.12% over seven days. Billions Network was $0.0140, down 0.59% daily and up 10.04% over the seven-day period.
