Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdings would benefit shareholders. Johann Kerbrat, Robinhood's senior vice president and general manager of crypto and international, announced the allocation Wednesday, saying the brokerage views Bitcoin as a strategic addition to diversify its assets.
The trader's earlier 10x leveraged position was stopped out at breakeven after Bitcoin failed to break $87,000.
Nearly 24,073 BTC left exchanges in a single day, the largest net daily withdrawal in seven months, according to Santiment. Bitcoin reserves on exchanges fell to 6.50% of total supply, reducing the amount available for sale on the market. Spot Bitcoin ETFs in the U.S.
Bitcoin broke below $83,000 after a sharp liquidation-driven selloff, putting $80,000 in focus as yields, the dollar and oil pressure crypto.
Bitcoin fell 0.54% to $83,003 during the same hour, based on data collected from Binance, Bybit and OKX.
Bitcoin ETF Flows: Bitcoin ETFs recorded nearly $119 million in net inflows on Tuesday, reversing the previous day's $90 million outflow and signaling renewed institutional demand. BlackRock Lead: BlackRock's IBIT contributed about $122 million in inflows, making it the main driver behind the recovery in BTC ETFs and reinforcing its dominance among Bitcoin funds.
Bitcoin fell toward $84K as Binance's whale inflow ratio hit a two-month high, while low deposits and renewed ETF buying complicate the outlook.
Bitcoin is trading below $84K after failing to continue its latest push toward the $90K region. While the general structure remains constructive, the latest pullback and weakening futures taker activity suggest that BTC may need to consolidate before attempting another breakout.
Federal prosecutors cited the Bitcoin Fog appeals ruling in an October 5 filing opposing Roman Storm's post-trial acquittal bid. The DOJ said the precedent strengthens its argument that venue was proper in New York for counts involving alleged money laundering and unlicensed money transmission tied to Tornado Cash. The government relied on a recent D.C.
Trading volume remains below levels seen on roughly 90% of trading days since January 2024, while short-term holders drove most exchange inflows during the move.
Bitcoin's price range is trading near the floor of its 24-hour range after an overnight selloff dragged the BTC/USD pair to $83,404. The 1-hour picture is firmly bearish, with price below every listed moving average and the relative strength index (RSI) at 27, but the daily structure hasn't completely cracked.
Daniel Rhyne used privileged network access to disrupt his employer's systems and demand 20 Bitcoin (BTC), valued at about $750,000 at the time.