Market Updates
Curated crypto market updates with links to original sources. Ad disclosure: some links are affiliate links and we may earn a commission if you sign up. Not financial advice.
Bitcoin dips below $80,000 for two hours, then rebounds to ~$82,000
BTC touched about $79,800 on Thursday, its first break below $80K in a month, before buyers pushed it back to ~$82,500 within two hours. Traders watch $84,000 as the level that would confirm real buying. ZEC led majors with an ~8% gain.
Source
Hot US inflation weighs on crypto
September US CPI rose 3.7% y/y (August 3.4%) and PPI jumped 1.3% m/m, the biggest monthly gain since March 2022, per FXStreet. The hot inflation data is weighing on risk sentiment and capping Bitcoin.
Source
Spot Bitcoin ETFs on track for a second week of outflows
US spot Bitcoin ETFs recorded $146.19M of net outflows through Thursday (SoSoValue data via FXStreet), a sign institutional demand is cooling.
Source
Corporate Bitcoin buying continues
Strategy bought another 250 BTC (holding 848,250 BTC) and Strive bought 3,311 BTC (32,773 BTC), per FXStreet, offering some cushion despite ETF outflows.
Source
Altcoins outperform: Celestia +16%, Injective +7.7%, LayerZero +7.3%
Most CoinDesk 100 members rose on Friday. TIA hit a 2026 high near $0.68 (+59% in four weeks); CoinMarketCap's Altcoin Season index rose to 60 from 50. STRK was the weakest, down 9.6%.
Source
Fed Chair Warsh gives no rate signal; next decision Oct 28
Warsh declined to signal October policy. Per CME FedWatch, odds of an October hike fell to roughly 12-15% (from about 27-30% after the CPI data). The Fed's next meeting is Oct 27-28, with the decision on Oct 28, a key near-term catalyst.
Source
Solana sets Oct 21 for Alpenglow consensus upgrade
Alpenglow replaces TowerBFT, targeting ~150 ms finality (a target, not guaranteed). The migration is scheduled for epoch 1064, expected to begin around 15:00 UTC on Oct 21, with the switch to Alpenglow about 18 minutes later. Reported transaction counts may drop sharply because vote transactions leave blocks.
Source
VanEck withdraws its Lido Staked Ethereum ETF filing
VanEck asked the SEC on Oct 14 to withdraw its stETH ETF registration, filed Oct 2025. The fund never became effective or issued shares, and no reason was given.
Source