News
The day at a glance · 3 min read
Mood · Risk-Off
-45
Sentiment, −100 to +100
BTC Support Level
$76,000
Fed Hike Probability
67%
Oil Price Level
$100
Key driverBitcoin trading at $76,000 support as markets price 67% probability of Fed rate hike amid surge in oil prices past $100
Daily briefCrypto & Web3· Money365.Market AI ·

Bitcoin Holds $76K Support as Rate Hike Fears Mount

BTC tests key technical level ahead of US CPI; India launches tokenized bond pilot; Standard Chartered bullish on SKY token

Bitcoin & Ethereum

Bearish

BTC Price Target (2030)

$400,000+420%
COIN
Bitcoin pulled back to the key $76,000 support level after rejecting resistance at $82,500, as markets increased Fed rate hike expectations to 67% probability following oil prices breaking through $100. The cryptocurrency failed to deliver on another golden cross technical signal, with traders now watching whether the support holds ahead of the US CPI report. Bitcoin HODL waves data revealed an unusually muted reaction to the cryptocurrency's earlier drop below $58,000, raising questions over that level's status as a bear-market floor according to on-chain analysis.
Coinbase ($COIN) CEO Brian Armstrong stated that $400,000 Bitcoin by 2030 is reasonable, requiring a 420% rally from the current $76,930 level. Bitcoin declined 5.4% as traders increased bets on a Fed rate hike, with the cryptocurrency trading below $77,000 amid broader risk-off sentiment in markets.

DeFi & Protocols

Neutral

SKY Price Target (2028)

$0.325+400%

BWOW Net Assets

$688,000
Standard Chartered forecasts the SKY token rising fivefold to $0.325 by 2028, as USDS stablecoin adoption and borrowing capacity continue to expand. The bank expects Sky to pass five times as much value to token holders by 2028 according to its analysis of the protocol's growth trajectory.
Bitwise announced it will shut down its Dogecoin ETF (BWOW) less than a year after launch, with the fund holding approximately $688,000 in net assets as of Sept. 9. Trading is expected to end Oct. 14, with cash payouts to shareholders following around Oct. 22.

Regulation & Policy

Neutral

SBF Forfeiture

$11B

India Tokenized Bonds

$107M

India Corporate Bond Market

$620B
The revised CLARITY Act targets non-decentralized DeFi operators, with the bill's ethics section remaining largely unchanged despite being one of the main points of contention ahead of a pivotal Senate vote. The legislation aims to establish regulatory clarity for decentralized finance protocols operating in US markets.
Sam Bankman-Fried asked the Supreme Court to overturn his conviction and $11 billion forfeiture according to a report, with lawyers challenging the exclusion of evidence about customer losses and arguing that the $11 billion forfeiture was excessive.
India's securities regulator SEBI launched a tokenized bond pilot with $107M issued as part of its Demat 2.0 initiative. Later phases of the program will introduce secondary trading and open the tokenized bonds to retail investors, marking India's entry into tokenizing its $620 billion corporate bond market with digital rupee settlement.

Security & Infrastructure

Bearish

Liquid Hack Amount

600 BTC
Blockstream rejected ransom demands as Liquid hackers hold nearly 600 BTC, with the company stating it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it. The security breach represents a significant theft from the Liquid Network sidechain.
Trezor hardware wallet disclosed that a Brevo login flaw enabled phishing email targeting 347,000 subscribers. Trezor stated it is treating every address as known to the attacker and possibly reusable for phishing, warning users to be vigilant about fraudulent communications.

Institutional & Corporate

Neutral

Ripple Treasury

$1B

XRP Top 10 Holdings

64%

Ripple XRP Holdings

40%
COIN
Ripple integrated AI agents inside its $1 billion corporate treasury operations, deploying artificial intelligence technology to manage treasury functions for the blockchain payments company.
Analysis of XRP ownership shows the top 10 known holders control roughly 64% of the cryptocurrency's total supply according to XRPSCAN data.
Ripple dominates with nearly 40% of total supply, largely because the calculation includes company-controlled allocations.

Looking Ahead

Neutral

BTC Support

$76,000

BTC Next Support

$67,000

BTC Resistance

$82,500
Markets await the US CPI report with focus on the Core CPI month-over-month measure, which Fed members have emphasized in recent communications. An in-line reading may not be sufficient to reduce rate hike expectations given the recent surge in oil prices, while an upside surprise could exacerbate risk-off sentiment and trigger further crypto selloffs as markets price a more aggressive Fed path.
Technical levels to watch include Bitcoin's $76,000 support zone, with a break below potentially targeting the $67,000 level. Resistance remains at $82,500, with a downward trendline defining the recent bearish momentum on shorter timeframes.

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