Bitcoin price tests $80,000. The 50-day average holds, for now
Bitcoin price traded near $81,700 at 20:00 UTC on Thursday, 8 Oct, down 1.9% on the day after a slide to $80,328.6, its lowest since 20 Sep.
The brief
Market mood▼ Bitcoin tests $80K as ETF outflows build
AI-assisted An AI-assisted summary of our reporting on this date. Highlighted phrases link to the full story.
Bitcoin fell to $80,328.6 on Thursday, its lowest since 20 Sep, before steadying near $81,700 after a test of its 50-day average, while ether, Solana and Cardano fell further (market read, Coin Levels). US spot bitcoin ETFs lost $484.9 million on Wednesday, the most since June, according to Farside data (ETF Desk). Wallets labelled by Arkham as US government moved 12,267 BTC to new addresses, with no exchange deposit recorded (data note). In Europe, ESMA told licensed crypto firms to stop serving non-MiCA stablecoins and Greece put forward a 10% crypto gains tax (ESMA, Greece). Elsewhere, Samsung Wallet said eligible US Galaxy users will get USDC transfers later this month, and 79thVault's 79AU pool was drained of about $12.5 million (Samsung, security alert).
Latest reporting
162 reports on the desk
Crypto RegulationGreece plans 10% crypto gains tax, with first €500 a year exemptThe draft crypto gains tax bill, in public consultation until 22 Oct, would also tax lending and staking yields at 10% and open a 12-month window to declare gains from earlier sales.
MiCAESMA tells licensed crypto firms to stop serving non-MiCA stablecoinsESMA's opinion on non-MiCA stablecoins says custody, transfers and advice are covered too, and that client warnings won't do.
Bitcoin ETFsETF Desk: bitcoin ETF outflows of $484.9M are the most since JuneSix bitcoin funds reported redemptions on Wednesday and none took in money. Ether funds extended their outflow run to seven sessions.
South KoreaDigital Asset Basic Act in final talks, Korea FSC says; 80T won citedSouth Korea's financial regulator says its long-delayed digital asset law is nearly agreed across government, but gave no date and no answer on who could issue a won stablecoin.
CoinbaseSamsung Wallet adds USDC transfers for US Galaxy users this monthThe feature will let eligible users send the dollar stablecoin to other wallets, or to bank accounts in more than 60 countries, without a separate crypto app.
CBDCTether and Kazakhstan’s central bank to study a tenge stablecoinThe memorandum covers a possible tenge stablecoin, an asset tokenization pilot in Alatau City and training for central bank staff. It does not commit anyone to launch.
Markets today
Prices from CoinLore, sentiment from Alternative.me| Coin | Price | 24h | 7 days | Market cap | Latest coverage |
|---|---|---|---|---|---|
| BitcoinBTC | $81,853.68 | 1.63% down | 2.38% down | $1.63T | Bitcoin price tests $80,000. The 50-day average holds, for now |
| EthereumETH | $2,476.11 | 3.63% down | 8.20% down | $303B | Bitcoin price tests $80,000. The 50-day average holds, for now |
| SolanaSOL | $110.30 | 5.04% down | 6.35% down | $59.9B | Coin Levels 8 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA |
| XRPXRP | $1.38 | 2.38% down | 7.07% down | $82.7B | Coin Levels 8 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA |
| Binance CoinBNB | $737.91 | 4.49% down | 4.14% down | $103B | Coin Levels 8 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA |
Total crypto market$2.72T3.36% down
Traded in 24 hours$169B
Share of the market
Bitcoin 60.1%Ether 11.1%Others 28.8%
Fear & Greed Index
64Greed71 yesterday
Understand the essentials
All guides GuideWhat is a MiCA-compliant stablecoin? The EU’s rules, explainedUnder MiCA, a stablecoin offered in the EU needs an authorised issuer, full reserves and redemption at par. Here's what that means for you.
GuideWhat is a quantum attack on bitcoin? Exposed keys, explainedQuantum computers can't break bitcoin today. Here's what a future attack would target, why some coins are more exposed than others and what you can do.
GuideWhat are tokenized stocks? How on-chain shares work and what you ownTokenized stocks are crypto tokens that track a company's shares. Some are real shares recorded on a blockchain; many are a separate product that only follows the price. This guide explains the models, the rules in the US and EU, and what can go wrong.
GuideWhat are crypto liquidations? How leverage can wipe out a tradeCrypto liquidations happen when an exchange automatically closes a trader's leveraged position because losses have eaten through the collateral, or margin, backing it. The trader loses most or all of that margin. Liquidations are why crypto prices sometimes fall or jump much faster than the news alone would suggest.
GuideWhat is a crypto custodian? How custody works, and who holds your keysA crypto custodian is a company that safeguards the private keys to digital assets on behalf of clients. This guide explains how custody works, who the main types of custodian are, how the rules differ in the US and EU, and what can go wrong.
GuideWhat is DeFi lending? How crypto loans work without a bankDeFi lending lets you lend and borrow crypto through smart contracts instead of a bank. Borrowers lock up more collateral than they borrow, and anyone can liquidate a loan that becomes unsafe.
The desks
Every beat we cover, newest firstBitcoin
Coin Levels 5 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA
- Bitcoin price fades from near $87K. The range still holds
- Strategy books $20.91 billion Q3 bitcoin gain, adds 334 BTC
- Coin Levels 1 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA
Ethereum
Porsche 911 NFT project ends on 1 Oct as floor sits 96% off peak
- Security Alert: FlashLoopAdapter exploit drains 114 ETH from two Safes
- Ether carries its Q3 lead into the Q4 open as ETF outflows build
- Coin Levels 30 Sep: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA
Altcoins
Zcash price holds $1,300 after first weekly ETF outflow
- Hyperliquid and Zcash Post Double-Digit Gains as Bitcoin Reclaims $77,000 After Sharp Selloff
- CLARITY Act Vote Set for May 14: How the Senate’s Crypto Pivot Could Trigger a Major Market Move
- Coinbase Q1 Results: $394M Loss, 14% Layoffs, Outage, Institutional Competition
Regulation
FinCEN withdraws its 2023 crypto mixing rule proposal
- CFTC opens comment period on rules for retail crypto transactions
- ADAPT Act: Senate Republicans introduce crypto tax rewrite
- India Desk: India crypto tax, TDS and FIU registration explained
Markets
Bitcoin Hits $65K As Failed Breakouts And ETF Outflows Drag Market
- Bitcoin Must Clear $80,000 to Exit Bear Market, Analyst Warns
- Bitcoin Drops to $77,000 as Spot ETFs Post $1Bn Weekly Outflow on Sticky Inflation Fears
- Bhutan Continues Dumping Bitcoin: Sells Another 100 BTC
Institutional
Evernorth XRPN debut delayed to 12 Oct as SPAC shares halve
- BTC USD Holds at $75.9K: US Bitcoin ETFs Shed $1 Billion in May
- Can Swiss Pensions Buy Bitcoin? Zurich Digital WM’s New Move
- JPMorgan & Ondo: First Cross-Border RWA Settlement on XRPL
Our reporters
All authors
Akriti SethBitcoin, Macro Analysis
Bastien Quilliot
Ngozi Ekwueme
Joaquín Larrabure
Teodor Branković
Elin Sørhaug
Dalia Haddadin
Nomvula Hadebe
Kavya Raghunathan
Jorien Haasbroek
Mateo Varga
Hyun-woo Baek
Inés Arambarri
Alasdair Rennick
Folasade Arinze
Ludovico Ceccarelli
Riku Haverinen
All news
116 articles, page 1 of 12
World Liberty FinancialTrump family-backed WLFI’s USD1 heads for merchant checkouts via MeshMesh says USD1 will be spendable across its merchant network this quarter. World Liberty Financial says bigger online platforms are next, but hasn't named one.
Blockchain GamingAbstract shutdown: Pudgy Penguins’ chain closes on 15 DecAbstract is winding down 21 months after launch. Players and collectors on the chain have until 15 Dec to bridge out, and assets left behind will become inaccessible.
BlockchainCardano’s CIP-113 lets token issuers freeze, seize and limit transfersThe standard is aimed at regulated stablecoins, funds and bonds. It changes nothing for ADA itself.
TetherConduit sues Tether over $2.76M USDT freeze, alleging no legal basisThe cross-border payments firm says Tether froze its treasury wallet on its own initiative in September 2025, after Brazilian police had flagged other wallets in an unrelated case.
Money launderingSecurity Alert: Frogman says wallets drained of $4M+ in SingaporeThe trader says he was asleep when the money left. On-chain researchers say the tokens were sold for ETH, BNB and SOL within hours and moved through privacy tools.
Bitcoin ETFsETF Desk: ether ETF outflows hit $201.9M as IBIT adds $122MThe two BlackRock funds moved in opposite directions on Tuesday. Bitcoin funds took in $118.8 million; ether funds lost $201.9 million, all from ETHA.
South KoreaKorea to make crypto transfer firms report cross-border moves to BOKThe finance ministry wants every cross-border crypto transfer by a registered operator logged with the central bank's foreign-exchange network.
StablecoinsBrazil’s crypto licensing bites as bank cut-off moves to 6 NovemberThe promise of crypto licensing is a cleaner market. The risk is that firms waiting on paperwork lose their banks first.
Bitcoin ETFsETF Desk: bitcoin ETF outflows hit $89.8M as IBIT buys aloneBlackRock's IBIT took in $69.9 million on Monday, but Fidelity and ARK redemptions turned the bitcoin ETF complex negative. Ether funds bled for a fifth straight session.
Crypto BankingStablecoin card firm Rain applies to OCC for a national trust bankThe proposed bank would hold client assets, run reserves for stablecoin issuers and issue dollar stablecoins, but take no deposits.