Bitcoin traded at $83,956 on Binance spot at 1:38 p.m. ET (17:38 UTC) Wednesday, down from $84,099 15 minutes earlier.
Bitcoin pumped above $85,500 on Wednesday morning following the release of lower-than-expected U.S. PCE inflation data for August—but a quick pullback erased most of the gains.
Federal prosecutors in Massachusetts have opened a civil forfeiture case aimed at recovering digital assets they say are connected to a 2023 account takeover that drained 33.7 bitcoin from a single Coinbase (NASDAQ:COIN) login.
Applications opened Sept. 30, with the regime expected to begin Oct. 25, 2027.
Bitcoin ETFs added $66 million Tuesday, matching August's nine-day run and topping it in dollars. How long will the streak stay alive?
With FCA applications now open, the expected October 2027 regime will preserve safeguards for in-scope retail borrowing collateral while allowing a lending trust exemption.
Inflation Data: August PCE figures came in softer than expected, reducing market expectations for an October Federal Reserve rate hike and improving sentiment toward risk assets. Market Reaction: Bitcoin remained stable near $84,300, with analysts noting low volatility and largely neutral investor positioning ahead of the inflation release.
Chainflip rejected an attempted deposit tied to the Bitget theft, returning the funds instead of allowing the swap to proceed.
Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from Yield Basis and Valueverse. That represents just under 0.52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi (or BTCFi) economy. Bitcoin's $8.
Rising profit margins may trigger increased sell-offs, potentially leading to heightened market volatility and testing key support levels. Bitcoin trader profit margin hits 30.7%, highest since December 2024.
The balance remains visible on the blockchain more than 10 years after the exchange collapsed.
The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint.