Bitcoin Crashes, Strategy’s BTC Stash Hits Record High, CPI Looms: Weekly Crypto Recap

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Bitcoin lost nearly $7,000 in days, dropping below $80,400, its lowest price since September 21. The total crypto market cap plummeted by over $150 billion since last Friday, with ETH down more than 8% and XRP declining 8.6%. Factors behind the decline include substantial profit-taking, ETF outflows, macro developments, and FUD surrounding transfers from wallets linked to the US government. Meanwhile, Strategy reached a new all-time high with 848,000 BTC in its reserves. The September CPI data, due Wednesday, is expected to keep markets highly volatile.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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