Bitcoin traded around the $80,000 mark and briefly fell below it as traders de-risked ahead of the Fed’s Wednesday decision and a busy week of earnings and data. ETF flows improved after recent outflows, while exchange, wallet, and protocol security incidents added to the day’s risk backdrop.
Bitcoin weakens into a crowded macro week
Bitcoin slipped below $80,000 at points and remained near that level as traders pared risk ahead of the Fed meeting, with oil and rates easing and a heavy week of tech earnings and inflation data ahead. Several outlets also noted broader market caution, with ether and XRP among the larger decliners in the session.
Sources: Decrypt, CoinDesk, Cointelegraph, CoinDesk, CoinDesk
Spot Bitcoin ETF flows turn positive again
US spot Bitcoin ETFs ended the week with about $301 million in net inflows, breaking a two-week outflow streak even though late-week withdrawals kept October in negative territory overall. Earlier reports said the rebound followed a strong start to the week before heavy selling resumed.
Sources: Cointelegraph, Decrypt, Decrypt
Security incidents hit exchanges, wallets and wallets-infrastructure
India’s CoinDCX said it absorbed a $16 million loss tied to an internal process failure involving a retired wallet. Separately, CoinDesk reported a Bitcoin wallet bug that allowed rogue servers to substitute fake transactions and steal funds after users tried to speed up payments, and Keystone said a website breach exposed customer shipping addresses.
Sources: CoinDesk, CoinDesk, Cointelegraph
Israel crypto sanctions debate draws pushback
Israel’s central bank criticized Prime Minister Benjamin Netanyahu’s suggestion that crypto or blockchain could help sidestep sanctions, while economists warned the idea could deepen isolation ahead of the country’s October 27 election.
Sources: Decrypt, Cointelegraph, Decrypt
Hong Kong keeps leaning into crypto infrastructure
Hong Kong named the Nasdaq-listed Solana Company a strategic enterprise, and the firm said it plans to set up Solana validator operations there. In a separate stablecoin update, Standard Chartered and Animoca Brands’ joint venture said it is not rushing a retail stablecoin rollout.
Sources: Cointelegraph, Cointelegraph