Financial leverage, low liquidity and macroeconomic tensions collided, wiping $16,700 off the price of Bitcoin in less than eight hours, a painful lesson in risk and reaction.
Investor activity in US-listed spot Bitcoin ETFs skyrocketed on 6 October, reflecting the continued growth of the BTC. The funds took in about $1.2 billion.
Record crypto seizure in the UK: $7.3 billion in Bitcoin (61,000 BTC) was confiscated from Chinese citizen Zhimin Qian, who swindled 128,000 people. The figure, equal to the entire existing government reserve, opens a debate on the creation of a UK Bitcoin Reserve.