Bitcoin Price Begins 'Uptober' With a Swing Back to $85K

Bitcoin opened the new month with seesaw price action, hovering near $85,000 after hitting resistance above that level and finding support near $83,500.  Key TakeawaysBitcoin rose to $85,000 on Oct. 1 following Wednesdays PCE data release, easing year-to-date losses.Coinglass data shows daily bitcoin liquidations plunged to just $35 million as market volatility cooled.Citigroup raised its 12-month Bitcoin price target to $113,000, forecasting $5 billion in net ETF inflows.  Seasonal Sentiment Shifts to Uptober  Bitcoin marked the start of the new month facing resistance above $85,000 as the leading cryptocurrency by market cap experienced typical seesaw price action. The uptick near the $85,000 mark followed Wednesdays release of better-than-expected personal consumption expenditures (PCE) data. The price movement came just hours after bitcoin closed September with net gains, marking its second consecutive positive month.  The rare winning streak has shifted market focus toward seasonal “Uptober” sentiment, a historically bullish October trend for digital assets, with prominent, pseudonymous quantitative analyst PlanB going so far as to assert that bitcoin remains “extremely undervalued.”  According to market data, bitcoins price began the period by sliding from $84,410 to $83,500, a threshold where it appeared to find strong support. After holding this range until late Wednesday, the cryptocurrency suddenly rallied to

10-02انڈسٹری

NEAR Intents resumes service after $3.8M exploit, pledges full compensation

NEAR Intents has resumed service after a $3.8 million exploit affecting USDT on BSC, with co-founder Illia Polosukhin promising full compensation for affected users.  SummaryThe attacker exploited Omnis deposit and withdrawal interaction with the NEAR Intents smart contract.Polosukhin said the team fixed the vulnerability within an hour of detection.NEAR Intents and near.com returned online, although some affected chains remained restricted.The core NEAR Protocol, NEAR token, and other applications were unaffected, according to Polosukhin.  NEAR co-founder Illia Polosukhin said on Oct. 1 that the team had restored NEAR Intents and near.com after temporarily pausing the service when its SHIELD security system detected unusual activity.  Earlier today, NEAR Intents was exploited for $3.8m. SHIELD, the AI security layer on Intents, detected outlier behavior and Intents were temporarily paused. All of the affected users will be compensated in full.  In his account of the incident, Polosukhin placed the loss at $3.8 million and said the vulnerability involved the interaction between Omnis deposit and withdrawal infrastructure and the NEAR Intents smart contract. He limited the affected asset and network to USDT on BSC.  “All of the affected users will be compensated in full.”  You might also like:  NEAR Intents says it stopped $50M Bitget laundering bid  NEAR Intents fixes the vulnerability within

10-02انڈسٹری

It's the Start of Uptober. Will Bitcoin Live Up to It?

In briefBitcoin trades at $83,823 on the daily chart. Technical indicators suggest a strong uptrend, but BTCs price remains stuck below $84,433.Myriad traders put 48% odds on a $90,000 Bitcoin high in October and 7% on a new all-time high before 2027.The Fed hiked rates to 3.75%-4% on Sept. 16 and the 10-year yield hit 5.289%, while spot ETFs logged $148.69 million in outflows on Sept. 30.  Its the start of October, otherwise known as “Uptober” in crypto circles for its historically stellar market performance, marking the end of “Red September”—which turned out not to be so red after all. So how will Bitcoin fare?  Bitcoin is starting October at $83,823, up 0.28% on the day, after a September that was on pace to be its best on record—until the last moment.  Myriad: How high will Bitcoin go? Click to make your prediction.  Bitcoin was up 7.33% for the month, with one trading day left, edging past 2024s 7.29% record for September. In the end, a correction made the coin close the month with a 6.33% gain; still green, still defying the Red September curse, but not a historical performance anymore.  Now comes the month crypto calls Uptober. October has returned 19.92% on average for

10-02انڈسٹری

Bitcoin ETFs Lose $149M as Fidelity Leads Broad Selling

U.S. bitcoin ETFs snapped a nine-session inflow streak on Wednesday with $148.69 million in net withdrawals, as selling spread across most major crypto funds. Ether, solana, zcash and HYPE ETFs also finished lower, while the newly launched NEAR fund was the days lone bright spot.  Key TakeawaysBitcoin ETFs lost $148.69M on Wednesday, ending a 9-session inflow streak worth roughly $3B.Broad selling hit ether, solana, zcash and HYPE, while Bitwises NEAR ETF alone drew inflows.The key test now is whether ETF demand stabilizes after Septembers sharp institutional rebound.  9-Day Inflow Streak Ends for Bitcoin ETFs  The month ended with a sharp change in tone.  After nearly two weeks of persistent institutional buying, bitcoin ETFs moved decisively into the red. The $148.69 million outflow on the last day of September was led by Fidelitys FBTC, which shed $125.58 million alone.  Bitwise‘s BITB lost another $13.63 million, while Blackrock’s IBIT posted a $9.48 million exit. No bitcoin fund recorded an inflow, with trading volume reaching $2.36 billion and net assets closing at $107.98 billion.  The reversal ends a nine-day stretch that had pushed roughly $3 billion into the products. For investors tracking bitcoin‘s price alongside ETF flows, Wednesday’s outflows offer the first meaningful test of whether recent institutional accumulation

10-02انڈسٹری

UKs 2027 crypto rules could block new business with existing customers

The Financial Conduct Authority opened its authorization gateway for the new UK crypto rules on Sept. 30, starting an application window that can protect existing Bitcoin providers ability to keep serving UK customers and take new business if approval is still pending when the full regime begins.  Related Asset Bitcoin #1 BTC · $84,499.21 24-hour change: up 0.44% Loading price history… 24H Up 0.44% 7D Up 0.12% 30D Up 9.09%  The window closes Feb. 28, 2027. The full regime starts Oct. 25, 2027, according to the FCAs announcement. February is the deadline for qualifying for the saving provision, a temporary protection for pending applicants, rather than a date when Bitcoin services must immediately stop.  For eligible existing firms applying within the window, an undecided application at commencement can allow the relevant services to continue, including new business. The protection covers the activities in the application, so it does not amount to unrestricted permission for every service a platform offers.  The statutory protection is bounded: the saving chapter expires two years after full commencement, and submitting an application does not guarantee authorization.  The protection can also cover a refusal still open to review. But the FCA can direct such a firm into restricted run-off when necessary

10-02انڈسٹری

New York, Wyoming regulators sign pact to coordinate crypto oversight

New York and Wyoming financial regulators have signed an agreement to coordinate oversight of crypto companies operating across both states, including licensing, examinations and potential enforcement actions.  The Memorandum of Understanding (MOU), announced Thursday by the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking, applies to firms already regulated in either state and those seeking approval in both jurisdictions.  Under the agreement, the regulators will share analysis and historical examination data to streamline applications, coordinate examination schedules and work toward joint examinations of companies operating in both states.  The agreement also provides an expedited pathway for certain firms already regulated in one state that seek approval in the other. Companies operating under an existing license or charter for at least three years and not subject to enforcement action could receive an expedited review, with the second regulator aiming to reach a decision within six months.  The MOU establishes protocols for sharing supervisory reports, market trend data and notifications about potential enforcement actions. The regulators will periodically share investigative information and may undertake enforcement actions jointly, in coordination or separately.  The agreement links two states that have historically taken different approaches to crypto regulation. New York has maintained its BitLicense

10-02انڈسٹری

Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit

In briefIllinois agreed to push its 0.2% crypto transaction tax back six months, to July 1, 2027, in a joint motion filed in Sangamon County Circuit Court.The delay stems from a lawsuit by The Digital Chamber and the Illinois Blockchain Association, which are still challenging the taxs constitutionality.The court must still approve the motion. A separate challenge from the Blockchain Association and Crypto Council for Innovation is ongoing.  Illinois crypto users just got a six-month reprieve, if a judge signs off.  State officials have agreed to push back the start of Illinois Digital Asset Tax from Jan. 1 to July 1, 2027, according to a joint motion filed Thursday in Sangamon County Circuit Court. The filing asks the court to preliminarily enjoin the tax, or temporarily block it, and stay its effective date until July.  Myriad: Who wins the midterm elections? Click to make your prediction.  The motion stems from a lawsuit brought by the Chamber of Digital Commerce, known as The Digital Chamber, and the Illinois Blockchain Association against Illinois Department of Revenue Director David Harris and Attorney General Kwame Raoul.  Because the motion is agreed, or “stipulated,” both sides are asking the judge for the same outcome, but the court must still approve

10-02انڈسٹری

Bitcoins October outlook hinges on $82K support, analysts say

Bitcoin has surrendered a post-inflation rally above $85,500 to trade around $83,500, according to ViaBTCs Jeff Ko, as analysts have identified $82,000 as the key support level entering October.  Jeff Ko, chief analyst at ViaBTC, and Lacie Zhang, research lead at Bitget Wallet, told crypto.news that Bitcoins October performance will depend on institutional demand and U.S. economic data, with both identifying $82,000 as a key downside level.  In Ko‘s account, Bitcoin rose more than 2% immediately after the latest Personal Consumption Expenditures inflation release, briefly moving above $85,500 before giving back the advance. Zhang’s October forecast puts the trading range between $78,000 and $95,000, conditional on demand holding up against inflation and interest-rate risks.  Bitcoins $82,000 support sits near liquidation exposure  For Ko, $82,000 matters because liquidation clusters become much thinner below that price. Zhang places the main downside liquidation zone between $82,000 and $82,500 and warns that losing the area could accelerate a decline toward $80,000.  Earlier CoinGlass data showed a similar concentration of leveraged positions. A Sep. 29 report identified a dense liquidation band around $82,300–$82,600, with another concentration near $85,400–$85,700 above the market.  Under Zhangs bullish scenario, Bitcoin must hold $82,000 and reclaim $87,500 before a move toward $95,000 becomes possible. She also

10-02انڈسٹری

Chainlink Price Prediction October 2026: Can LINK Hold Its August Breakout Through October?

Chainlink price prediction for October stays bullish above $13.25, the level $LINK needs to hold to keep its August breakout intact.  Chainlink Price Analysis: Can $LINK Reclaim $15 in October?  Chainlink Price Analysis (Source: TradingView)  $LINK first needs to retake a rising trendline near $14.30, since it trades at $14.15, just under the line after a spike to about $15.75 in late September. The line runs up from the May high and stopped an early-September rally near $13.65 before price broke above it.

10-02

Open USD bets Stripe‘s $1.9 trillion network can break USDT and USDC’s grip

Open USD, a new stablecoin backed by more than 200 organizations, has launched with about $468 million in circulation and a distribution partnership with Stripe, one of the largest payment networks.  Related Asset Tether USDT · Stablecoin  OUSD, issued for Open Standard, had 468.4 million tokens outstanding following its Sept. 30 debut. Reserve data showed about $468.45 million of backing assets, split between $257.2 million in cash and $211.2 million in Treasuries and short-duration money-market funds.  The token also went live on Tempo, with more than $400 million in liquidity deployed across decentralized exchanges, stablecoin swaps, and bridges. OUSD is issued natively on Tempo, Base, Ethereum, and Solana, giving businesses several venues for payments, settlement, and treasury operations.  Related Asset Ethereum ETH · $2,689.07 24-hour change: down 0.13%  Stripe said it is partnering with Open Standard to make OUSD available across parts of its payments stack. Businesses can hold the token through Stripe Treasury, send it through Global Payouts, accept it with Payments and use it with stablecoin-backed card products, subject to product and geographic availability.  Related Asset Solana SOL · $117.55 24-hour change: down 2.23%  Stripe puts a $1.9 trillion distribution engine behind OUSD  Stripe processed $1.9 trillion in total volume during 2025, up 34% from the

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