Exchange-traded funds linked to cryptocurrencies are experiencing a period of significant capital outflows. In two sessions, US ETFs on bitcoin and Ether lost nearly one billion dollars, while trading volumes increased significantly.
The Bitcoin was valued at about $17.7 million, and all tracked funds remained unspent in three consolidation addresses.
Bitcoin trades near $83K, around 34% below its record high, while Coinbase and Strategy stocks rebound. Here's what's driving the recovery.
Bitcoin briefly reclaimed $83,000 on Friday after plunging to a month-to-date low of $80,308 on Thursday, pushing its market cap back to $1.66 trillion. Resistance at $83,000 Triggers Volatile Trading Bitcoin rebounded Friday to briefly reclaim $83,000, signaling a potential end to a downturn that dragged the cryptocurrency to multi-week lows.
Bitcoin ranked first among 10 assets after an inflation adjustment of roughly 25% cumulative U.S. inflation. Silver, the S&P 500 and gold followed.
CleanSpark produced 529 BTC in September, averaging 17.64 BTC per day, and brought its total production for 2026 to 5,432 BTC. The company closed a $2.276 billion secured debt offering to finance its Sandersville data center project. CleanSpark will discontinue monthly operational updates and switch to quarterly reporting.
Charles Guillemet said mathematical advances do not demonstrate an imminent attack, while researchers urged measured preparation for possible cryptographic risks.
Ledger CTO believes that Bitcoin will be the least of our problems if asymmetric cryptography falls.
Bitcoin price has recovered toward $83,000 after testing $80,400, but weakening daily momentum and a still-positive weekly breakout leave its October outlook dependent on holding the $79,600–$80,400 support zone.
A crypto trader lost 80 Bitcoin (BTC), worth about $6.6 million, in a single transfer on Friday. The coins had sat for 10 days on a new Ledger hardware wallet, a device sold to keep crypto safe offline.
CryptoSlate's tally shows 11 applications for .bit and five for .crypto, with final strings due Nov. 17.
The Bitcoin was deposited Sept. 29 and transferred Oct. 9 to an address previously flagged as linked to stolen funds.