Spot Bitcoin ETFs recorded $244.1 million in net outflows on October 8, while spot Ethereum ETFs saw $72.5 million in net outflows.
Minutes from the Federal Reserve’s September meeting showed that most officials considered another rate hike likely to be appropriate this year, citing persistent inflation. The prospect of tighter monetary policy weighed on risk assets, including cryptocurrencies.
Europe’s securities regulator set out expectations for crypto firms to wind down services involving stablecoins that do not comply with MiCA, with a January 8, 2027 deadline.
Ethereum researcher Justin Drake warned that advances in AI could eventually threaten the cryptography protecting Bitcoin and Ethereum wallets, urging the industry to prepare. The warning concerns a potential future risk, not a reported breach.
Bitcoin is trading at $82,486, while Ethereum is trading at $2,499.
The Fear and Greed Index stands at 59, indicating Greed.
