--- canonical: "https://whycoinmoves.com/en/" language: en --- # Crypto news today: why the crypto market is up or down Source coverage is not truth probability. Observed returns do not establish causation. Last collection: 23/10/2026, 16:06 UTC. Events: 187. ## Market snapshots - [BTC](): $81,700.00; 24h +0.06%; Gate · USDT; 23/10/2026, 16:06 UTC. - [PEPE](): $0.000005; 24h +9.40%; Gate · USDT; 23/10/2026, 16:06 UTC. - [ZEC](): $1,238.96; 24h +0.19%; Gate · USDT; 23/10/2026, 16:06 UTC. - [HYPE](): $78.53; 24h +0.47%; Gate · USDT; 23/10/2026, 16:06 UTC. - [ADA](): $0.21625; 24h +1.02%; Gate · USDT; 23/10/2026, 16:06 UTC. - [AVAX](): $9.13; 24h -0.51%; Gate · USDT; 23/10/2026, 16:06 UTC. - [BCH](): $286.98; 24h +4.37%; Gate · USDT; 23/10/2026, 16:06 UTC. - [BNB](): $748.30; 24h +2.33%; Gate · USDT; 23/10/2026, 16:06 UTC. - [DOGE](): $0.08022; 24h +1.16%; Gate · USDT; 23/10/2026, 16:06 UTC. - [ETH](): $2,407.82; 24h +0.40%; Gate · USDT; 23/10/2026, 16:06 UTC. - [HBAR](): $0.07908; 24h -1.31%; Gate · USDT; 23/10/2026, 16:06 UTC. - [LINK](): $12.05; 24h +0.50%; Gate · USDT; 23/10/2026, 16:06 UTC. - [LTC](): $58.45; 24h -0.88%; Gate · USDT; 23/10/2026, 16:06 UTC. - [ONDO](): $0.4321; 24h +0.20%; Gate · USDT; 23/10/2026, 16:06 UTC. - [PI](): $0.07889; 24h +0.88%; Gate · USDT; 23/10/2026, 16:06 UTC. - [SHIB](): $0.000005; 24h +2.54%; Gate · USDT; 23/10/2026, 16:06 UTC. - [SOL](): $104.79; 24h +0.07%; Gate · USDT; 23/10/2026, 16:06 UTC. - [SUI](): $0.993; 24h +1.24%; Gate · USDT; 23/10/2026, 16:06 UTC. - [TRX](): $0.3297; 24h -0.27%; Gate · USDT; 23/10/2026, 16:06 UTC. - [XLM](): $0.17714; 24h +0.22%; Gate · USDT; 23/10/2026, 16:06 UTC. - [XRP](): $1.31; 24h -0.86%; Gate · USDT; 23/10/2026, 16:06 UTC. - [UHI](): $0.034805; 24h +78.62%; CoinGecko · USD; 23/10/2026, 15:51 UTC. - [DACITY](): $0.019307; 24h +102.11%; CoinGecko · USD; 23/10/2026, 15:51 UTC. - [PEARL](): $1.96; 24h -9.11%; Gate · USDT; 23/10/2026, 16:06 UTC. - [AERO](): $0.7476; 24h -6.63%; Gate · USDT; 23/10/2026, 16:06 UTC. - [PUMP](): $0.004564; 24h -2.52%; Gate · USDT; 23/10/2026, 16:06 UTC. - [AXIS](): $0.262909; 24h -7.01%; CoinGecko · USD; 23/10/2026, 15:51 UTC. ## Latest events ### [Bitmine adds 12,535 ETH, reaching 6.04 million tokens in treasury]() Bitmine Immersion Technologies bought 12,535 ETH, worth about $30 million, lifting its holdings to 6,041,481 ETH, Decrypt reported, citing the NYSE-listed company. The firm said that is 4.9% of Ethereum's 122.1 million token supply and 99% of the way to its 5% target, and The Block reported the treasury and total investment holdings of $15.1 billion. ### [Strive adds 1,223 bitcoin for $100 million, holdings reach 36,818 BTC]() The Block reported that Strive bought another 1,223 bitcoin for about $100 million, paying approximately $81,734 per bitcoin on average, following the 2,822 BTC it acquired earlier in the week. The report puts total holdings at 36,818 BTC. The figures come from the outlet's reporting rather than an official company statement. ### [Analyst interview cites seller exhaustion while recommending basis trades over covered calls]() A Bitcoin Magazine interview with investor Richard Byworth, published in October, focuses on ways to earn yield on bitcoin without selling the asset. He cautions against covered-call overwriting during rallies and argues for bitcoin-collateralized basis trades as a market-neutral approach. The interview's chapter list also raises "record seller exhaustion" as a framing for whether a bitcoin bottom has formed, but no supporting figures or data are given in the supplied text. ### [Siebert Financial analyst sets $175K Bitcoin target, $350 Strategy target]() Brian Vieten, head of digital assets research at Siebert Financial, told Bitcoin Magazine that the firm sees Bitcoin reaching $175K within the next 12 months and Strategy hitting $350 a share alongside it. He says the June low near $58K marked seller exhaustion across miners, exchanges, treasury companies and lenders, and cites sticky ETF demand, Strategy's digital credit engine and the GENIUS Act. ### [Strategy buys 267 Bitcoin for $22 million, repurchases $193 million of STRC]() Strategy said in a Monday SEC filing that it bought 267 bitcoin for about $22.1 million between October 12 and 18, at an average of $82,900 per coin, Decrypt and Cointelegraph reported. The company now holds 848,517 BTC, bought for $64.02 billion at an average of $75,446, and it repurchased $193.1 million of its STRC preferred stock while raising that buyback program to $3 billion from $2 billion. ### [Hoskinson says he is writing a new programming language for Cardano]() CoinDesk reported that Cardano founder Charles Hoskinson said on X that he is personally developing a new programming language for the network alongside Lucas Rosa, a software engineer at Input Output Global who co-created Aiken. Hoskinson said it would combine transaction intents, proof-carrying data and Groth16 proofs. No name, public code or release date has been shared. ### [CoinDesk report on a technical signal for Strategy]() CoinDesk published a day-ahead market look discussing a possible bullish technical signal tied to Strategy's price chart. The item draws a comparison with bitcoin but provides no substantive figures in the supplied excerpt. Only this report is available as evidence. ### [Bitcoin climbs back near $82,000 as Nasdaq futures rebound]() CoinDesk reported that bitcoin rose from an overnight low near $80,700 to just above $83,000, then slipped back to about $82,400, as Nasdaq 100 futures gained 1.1%. The publisher said bitcoin was up 0.3% over 24 hours and remained about $1,000 below a ceiling near $84,000 reached on October 13 and October 14. CoinDesk also reported that Strive added large amounts of BTC to its balance sheet while Strategy bought only a small amount. ### [Bitcoin climbs to around $82,700 as stocks rebound and DeFi tokens lead altcoins]() CoinDesk reported that bitcoin traded around $82,700, up about 0.8%, extending a bounce from a weekend dip to roughly $80,700 and staying above the brief break below $80,000 earlier in the week. The report said China's third-quarter GDP growth of 4.5% beat expectations, Nasdaq 100 futures rose more than 1% and the CoinDesk 80 index gained 0.9%, with DeFi tokens leading the benchmark. ### [Bitcoin analysis cites $80,000 retest expectation amid stock rebound]() A Cointelegraph report says analysts expect Bitcoin to retest $80,000 support while stock markets attempt to recover prior losses. The claim is an attributed analyst expectation, not an official statement or independently verified event, and no evidence resolves what drove recent price action. ### [Bitcoin mining offshoot Nscale reportedly loses Microsoft AI deal]() CoinDesk reports that Nscale, an Nvidia-backed bitcoin mining offshoot, lost a Microsoft AI deal and that its U.K. grid connection may be delayed into the 2030s. The report is attributed to CoinDesk and is not an official company statement; it does not establish any effect on bitcoin's price. ### [CME bitcoin cash and Uniswap futures previewed in weekly outlook]() CoinDesk published a crypto week-ahead preview covering CME's bitcoin cash and Uniswap futures along with global PMIs for the week starting Oct. 19. The piece is an independent editorial preview, not an official exchange or regulatory statement, and does not itself establish any market outcome. ### [Ether ETFs see October outflows near $1B as Bitcoin funds extend withdrawals]() A Cointelegraph report says US spot Ether ETFs recorded about $955 million in October net outflows, while Bitcoin funds extended their weekly withdrawal streak to two weeks. The report is independent media coverage, not an official fund disclosure, and does not identify a cause for the outflows. ### [US spot Ether ETFs pass $1B in October outflows]() US spot Ether ETFs shed $1.08 billion in October, the biggest monthly outflow of 2026, Cointelegraph reported, citing fund data. An earlier Cointelegraph report put October net outflows at around $955 million and said Bitcoin and Ether ETFs together lost $549 million as Bitcoin funds extended their weekly withdrawal streak to two weeks. ### [Zakura proposes per-swap keys to stop future quantum computers linking Zcash swaps]() Zakura, a developer of Zcash full node software, proposed giving each ZEC swap through NEAR Intents its own incoming viewing key, developer Adam Tucker said in an engineering post announced on Sunday. Swaps currently post a user's shielded address to NEAR's public chain as a refund address; Zakura says a future quantum computer breaking one such address could link every payment the account received. Zcash Open Development Lab CEO Josh Swihart said around $600 million to $700 million had flowed through the NEAR Intents route by May. ### [Bitcoin, Kospi and Nasdaq futures rise alongside stronger China GDP]() CoinDesk reported that bitcoin, Nasdaq futures and Asian stocks rallied as stronger-than-expected China GDP and falling oil prices lifted risk appetite. The report attributes the broad move to improved risk sentiment; it does not provide figures for bitcoin itself or independent verification of the market moves. ### [VIX had its biggest one-day jump since June, while bitcoin held above $80,000]() CoinDesk reported that the VIX, Wall Street's fear gauge, jumped 21.5% to 19.99 on Friday as the S&P 500 fell 1.09%, its biggest one-day rise since June 5. The publisher said bitcoin kept trading above $80,000 within its recent choppy range, and cited VIX history, November seasonality and steady weekend crypto trading as reasons Friday's panic may fade. ### [Cysic suspends bridge after minted tokens moved to Ethereum]() The Block reports that an attacker minted 10 million CYS tokens and moved about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers. Cysic suspended its bridge following the incident, according to the report. The report does not state who is responsible or whether the minted tokens were burned. - [Security]() - [Regulation]() - [Exchanges]() - [Project updates]() - [Market watch]() - [General news]() [Full reading list]()