Bitcoin drops 2.5% in the last hour, now near $78,773
Bitcoin moved −2.54% within one hour on Binance futures, trading around $78,773. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
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Bitcoin moved −2.54% within one hour on Binance futures, trading around $78,773. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Bitcoin fell 0.92% over the last 24 hours to about $80,348, and most major coins fell too, with XRP down 4.29%. Only 63 of 298 tracked coins are up. The most likely reasons are the Fed holding rates while two officials voted for a hike, weak Samsung and Alphabet results hitting tech stocks, and Bitcoin trading near a price level that may limit a recovery.
A miner running FutureBit's Apollo Solo setup found Bitcoin block 973,262 on October 26. The miner collected the full 3.154 BTC reward, which covers both the block subsidy and transaction fees from 2,477 transactions. This is a mining milestone with little direct effect on Bitcoin's price.
About a third of Deribit's Bitcoin options, worth $11 billion in total, are set to settle on Friday. The news follows a Fed decision to hold rates, where two officials voted to raise them instead. Traders may watch closely because the expiry and the Fed's stance could both shape Bitcoin's price.
Bitcoin is trading near the average price paid by U.S. spot ETF holders, a day after the Federal Reserve held rates steady. Glassnode says about 4 million BTC were bought above $85,000, and those holders could cap a recovery. For traders, this suggests that price near that zone may face resistance.
Franklin Templeton has started trading two new Bitcoin DRIP ETFs, FBEQ and FIBT, on the Nasdaq. These funds are built to turn dividends into bitcoin, which adds a new way for investors to get bitcoin exposure. For traders, new bitcoin ETFs can bring fresh demand for the asset.
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