Bitcoin slid below $80,000 this weekend after the Wall Street Journal reported U.S. personnel evacuations due to Iran's increased efforts to target U.S. personnel. The market is experiencing volatility amid macro concerns, including upcoming earnings reports, FOMC decisions, and key data releases.
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Today’s top news: Crypto majors cool over the weekend; BTC at $80.2k BTC ETFs close week with $300M net inflows despite outflows Thurs+Fri Solana trading bot Bloom was exploited for $947k; team promising reimbursement Big week ahead with RH earnings Tues, FOMC Weds and Q3 GDP + PCE data Pump announced a $2.5M Squads competition kicking off today and running 2 weeks Bitcoin BTC · USD $80,328 − 2.75 % 24H 7D 1M 1Y YTD Oct 19 Oct 21 Oct 23 Oct 24 Oct 26 $84.8k $83.1k $81.3k $79.6k 24h High High $80,825 24h Low Low $79,332 Vol Vol $805.5M → Buy Bitcoin with USDT Powered by Jupiter $ 50 $ 100 $ 500 Buy Price data by CoinGecko CoinGecko More Bitcoin news and projections → Bitcoin Breaks Below $80,000 as Iran Fears Hit the Weekend Bitcoin slid below $80,000 this weekend after the Wall Street Journal reported Saturday that the U.S. is rapidly evacuating personnel from embassies and military bases across the Middle East. In a Friday memo to Secretary of State Marco Rubio, Director of National Intelligence Jay Clayton wrote that “Iran has substantially increased efforts to target U.S. personnel.” The evacuations go well beyond earlier reports of diplomatic staff being pulled from Saudi Arabia. BTC currently sits at $80,160, down 2.4% on the week. Ethereum fell 3.8% to $2,322, Solana 3.2% to $101 and the broader CMC20 index is off 2.3%. Over 30 days, Bitcoin is down 4.8%. The majors around it average down 16.5%, more than three times as much. Ethereum off 13.6%, Solana 17.1%, XRP 17.4%, Hyperliquid 17.4%, Dogecoin 22.3%. There is some positive. Zcash is up 8% on the week while everything else bled, and sits up 135% on the year. Monero is up 37%. Privacy is still catching a bid, in a week when the lead story is governments evacuating people ahead of attacks. And we have a big week ahead. The Fed decides its next move with interest rates Wednesday at FOMC with Kevin Warsh’s press conference after, the ECB follows Thursday and the Bank of Japan Friday. Q3 GDP and September PCE data land on Thursday, the same day Coinbase and Strategy report after the bell. Arguably more important than those above, at least for onchain, is the Robinhood earnings call on Tuesday the 27th. Will Vlad and crew address the tokenized stock pushback? Will they mention Robinhood Chain and its memestonk ecosystem? Will they launch a builders grant program? Big questions to answer, and ones that will likely decide the near-term future of that ecosystem. And of course, U.S. midterms are eight days away. Expect another volatile week… 🌎 Macro Crypto and Markets Crypto majors are slightly red; BTC +0.2% at $80.2k; ETH +0.4% at $2,330; SOL +1% at $101.5; HYPE +2% at $77; ZEC +4% at $1,230 Top alt movers include QNT (+17%), ENA (+5%) and PYTH (+6%) Oil -2% at $101; Gold +0.4% at $4,025 Stock futures are slightly green as oil falls; DOW +0.35%, Nasdaq even Crypto faces its heaviest macro week of the quarter with Fed, ECB and Bank of Japan decisions Wednesday through Friday alongside Q3 GDP and PCE, plus earnings from Robinhood and SoFi on Tuesday and Coinbase and Strategy on Thursday Goldman Sachs expects global growth to hold broadly stable through 2027 but sees downside risks building from higher energy prices, rising bond yields and slowing AI investment, while arguing that cooling inflation and AI’s growing visibility in employment data mean central banks hike less than expected Wells Fargo, Cisco, Marvell, Arm, Moderna and Intuit joined the companies objecting to tokenized versions of their shares on the OKX-ICE venue, taking the count to 22 in eight days Electrum patched a flaw that let malicious servers steal funds from users bumping a transaction fee, after the wallet trusted servers to report pending transactions without verifying signatures Corporate Treasuries & ETFs The Bitcoin ETFs saw $138M in net outflows on Friday; the ETH ETFs saw $4M in net inflows in a welcome reversal Meme Coin Tracker Meme leaders were mixed; DOGE +1%, SHIB even, PEPE -1%, PENGU +3%, TRUMP +2%, SPX +3%, BONK even Robinhood chain leaders were mostly green after a bad Saturday selloff; Pons +6% to $160M; AI +8% at $59M; Cashcat even at $90M; GF +85%, Bow +20% and Gage +33% led top movers Solana top movers included Launch +50x, Kimchi +70%, Dood +60% and Claudia +50%; Stonk +13% to $133M 💰 Token, Airdrop & Protocol Tracker Hyperliquid led onchain protocols revenue on the week with $14.74M, followed by Pump with $13.76M, Papertrade with $6.67M, and Collector Crypt with $5.31M Solana trading bot Bloom said attackers drained about 9,408 SOL worth $947,000 from 49 wallets belonging to nine users by exploiting a third-party module to gain remote code execution, insisting no private keys were compromised and pledging to reimburse 100% of stolen funds Pump.fun announced a $2.5M squads competition that will start today and run for 2 weeks, with the top 3 squads earning prizes based on PNL + uPNL 🚚 What is happening in NFTs? NFT leaders were mostly green; Punks even at 30.7 ETH, BAYC +5% at 6 ETH, Pudgy +3% at 2.56 ETH Identity MD (+13%) and Argonauts (+7%) led top movers Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Email address Join free Join 72,000+ readers Create an account to save your articles. Add on Google Add Decrypt as your preferred source to see more of our stories on Google.