Oct 1: Bitcoin Holds $84K

Bitcoin remains around $84,000 even as the 10-year Treasury yield pushes above 5.3%, its highest level since 2002. August PCE inflation came in cooler than expected, while Bitcoin ETFs recorded roughly $139 million in net outflows. Citi nevertheless raised its 12-month Bitcoin target from $82,000 to $113,000 and its Ethereum target from $2,240 to $3,028. The Treasury's expanded long-duration bond buyback program is also feeding a larger debate about debt management, liquidity and the growing role stablecoin issuers could play as buyers of short-term government debt.

European regulators are scrutinizing Binance's operations under MiCA, while the Swiss National Bank is warning that large-scale stablecoin adoption could weaken traditional monetary-policy transmission. The prediction-market regulatory fight is also intensifying in Washington, MetaMask is precautionarily exiting affected Ethereum validators following misdirected block rewards, and DogeOS is developing an EVM-compatible environment that could expand Dogecoin into smart contracts, DeFi and other applications. Bitcoin itself remains stuck in the same basic structure, with $80K to $82K as the key floor and $87K as the next major level to reclaim.

Happy HODLing

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Sept 30: Bitcoin Holds $83K Ahead of PCE

Bitcoin remains stuck around $83,700 as Treasury yields stay elevated and markets wait for August PCE inflation data. Spot Bitcoin ETFs nevertheless recorded another $66.2 million in net inflows, exte...

30 Syys 12min

Sept 29: Bitcoin Holds $84K Despite $107 Oil

Bitcoin is holding around $84,000 despite Brent crude trading around $106 to $107, Treasury yields above 5% across much of the curve and significant market expectations for another Fed rate hike. Stra...

29 Syys 12min

Sept 28: Bitcoin Is Stuck Between $82K and $87K

Bitcoin is trading around $83,300 as leverage continues to come out of the market, leaving the $82,000 to $87,000 range as the key structure to watch. Solana ETFs, meanwhile, recorded their strongest ...

28 Syys 16min

Sept 25: Bitcoin Holds $84

Bitcoin is holding around $84,000 despite a difficult macro backdrop, with the 10-year Treasury yield around 5.2%, oil above $100 and markets pricing additional Fed tightening. Spot Bitcoin ETFs never...

25 Syys 9min

Sept 24: Bitcoin Falls Back Toward $82K

Bitcoin has fallen back to roughly $83,500 after failing to hold $85,000, putting the $80,000 to $82,000 support area back in focus. The macro backdrop has become less favorable as Treasury yields ris...

24 Syys 17min

Sept 23: The Stablecoin Endgame?

Bitcoin is holding in the mid-$85,000 range as U.S. spot Bitcoin ETF demand remains strong, with roughly $714 million of additional inflows following Monday's nearly $1 billion. But today's main discu...

23 Syys 20min

Sept 22: Bitcoin Holds Above $85K as ETF Inflows Explode and Corporate Buyers Come Back

Bitcoin held above $85,000 after briefly trading above $87,000, while U.S. spot Bitcoin ETFs recorded approximately $999 million in net inflows on Monday. Matt argues that this is an important transit...

22 Syys 22min