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Bitcoin’s weak start to the week followed a softer U.S. jobs report that sharply reduced expectations for an October Federal Reserve rate hike. A new 100-day/200-day golden cross and continued bitcoin ETF inflows added to the bullish backdrop, though Bitcoin remained below $87,354.
Strategy bought 334 Bitcoin for $28.7 million and lifted its holdings to 848,000 BTC, but spent more than six times as much repurchasing preferred stock. The company also estimated a $20.91 billion third-quarter digital-asset gain and $1.88 billion in deferred tax expense.
Metaplanet sold 10,000 BTC and repurchased 11,000 in the third quarter to demonstrate to creditors that it could turn Bitcoin into cash. The transaction lifted holdings to 44,000 BTC, but the company paid more to buy back the coins.
Bitcoin is pressing against the upper end of its recent range but remains below the 2026 yearly open at $87,570. Traders are also watching elevated US bond yields, Federal Reserve minutes and October’s historically strong seasonal record.
US spot Bitcoin ETFs posted a third straight week of net inflows, taking cumulative inflows to $57.8 billion. Ether ETFs instead recorded $138 million in outflows, while Zcash funds suffered their first weekly withdrawal and Solana and XRP products continued attracting money.
Bitcoin’s 50-, 100- and 200-day moving averages are nearing a fully bullish alignment for the first time since 2025. The signal follows a more than 40% third-quarter rise, but bitcoin must hold its 50-day average for the recovery to gain further technical confirmation.
Bitcoin briefly approached $87,000 before retreating below $86,000, as softer U.S. jobs data supported rate-cut expectations and lifted global markets. The move was bitcoin’s second stalled attempt in a week to break the late-September high near $87,400.
Ether rose 70% in the third quarter, beating bitcoin’s 42% gain, but CoinGecko found its market depth fell to 35%-45% of bitcoin’s. SOL liquidity also declined, while XRP’s order book remained stable and leaned toward buyers.
El Salvador received about $138 million from the IMF after the Fund waived Bitcoin-related breaches, but restrictions on state-funded purchases remain. The country’s roughly 7,794-Bitcoin reserve and the Chivo wallet unwind will remain central to future reviews.
Jay Clayton’s new US artificial-intelligence role, Peter Brandt’s forecast of up to $600,000 for Bitcoin by 2029, NEAR’s recovery of exploited funds and Blast’s shutdown led this week’s crypto developments, alongside Ethereum’s planned Glamsterdam testnet upgrade and continuing security concerns.
Bitcoin’s recovery above $85,000 is being tested by the quality of investor demand. Short liquidations drove much of the pre-payroll move, while ETF inflows were recorded before the jobs report. Subsequent fund flows and Monday’s services data will help determine whether the advance can continue.
Bitcoin Core has added a safeguard against a narrow PSBT signing flaw that could leave a valid signature unlinked to the recipient a user approved. The fix is in the development branch, so wallet providers and hardware-signing integrations must review their own handling meanwhile.
U.S. spot Bitcoin ETFs attracted $134.4 million in net inflows during October’s first two trading days, reversing a late-September outflow as softer U.S. jobs data reduced expectations of an October Federal Reserve rate hike.
The IMF approved an immediate $138 million disbursement to El Salvador under its $1.4 billion financing program, granting waivers for missed targets linked partly to Bitcoin. The lender cited corrective measures and renewed commitments to reduce state involvement in crypto activities.
Crypto job postings rose to 1,241 in September from 382 in July, according to CryptoJobsList data reported by CoinDesk. Applications fell to fewer than 20,000, however, as finance, engineering and trading remained the leading areas of hiring demand.
The post SEC Approves 3x Leveraged Bitcoin, Ether, and Other ETPs for Listing appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission has approved a Cboe BZX rule change allowing six new fut...
The IMF approved a $139 million disbursement for El Salvador while urging the country to reduce state involvement in Bitcoin. The fund cited stronger-than-expected economic activity but said Bitcoin accumulation requirements had not been met, granting waivers tied to corrective measures.
