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.
Bitcoin's next breakout could depend on demand driven by concerns about U.S. public finances, Coinshares suggested Thursday in a market analysis. Fund withdrawals and a price retreat have challenged that outlook, despite the monetary appeal of assets outside government control. U.S. Debt Fears Put Bitcoin's Monetary Role in Focus Concerns about U.S.
The founder said an earlier $100,000 target reflected a 2021 prediction and pointed to Bitcoin's limited supply.
The planned relaunch will add remittances, lending, debit cards and digital-asset payments while the government keeps a minority stake.
Long positions made up about $1.05 billion of the forced closures as Bitcoin recovered toward $82,500 after reaching $80,350.
Bitcoin fell to $80,350 before recovering toward $82,500 as nearly $1.1 billion in liquidations hit over 24 hours, according to CoinGlass data. Long positions accounted for roughly $1.05 billion of the total, making leveraged buyers the main casualties of the market-wide liquidation wave.
According to Lionguard Labs, the new Chivo wallet will offer Salvadorans a comprehensive suite of services, including wallet-activity-supported microloans, cash advances, free remittances, and crypto card payments.
Thailand will allow local asset managers to launch Bitcoin and Ether ETFs on its stock exchange starting October 16. The funds must maintain at least 80% of their net asset value in exposure to a single cryptocurrency and use regulated custodians.
Bitcoin held for at least six months has barely moved to exchanges, while nearly all recent inflows involved coins transferred within the past week.