MarketRanger Daily 📰
🔴 Market Sentiment: Bearish
Bitcoin trades near $84,150 (−1.7% on the day, flat on the week), close to the bottom of its weekly range, while Ether fell harder to $2,612 (−3.3%) and Solana sits at $118 (−1.6%). Bitcoin dominance is 58.8% and alts are losing more than BTC, so money is hiding in Bitcoin. After the overnight flush the crowd leans short, which often fuels a snap-back.
Key Stories:🔹 Bitcoin was turned away at $87,000 for the third time since Sept. 23 and briefly broke below $84,000, wiping out $487M in long bets.
🔹 The U.S. withdrew its proposed $10,000 reporting rule for crypto sent to private wallets, along with a rule aimed at crypto mixers.
🔹 U.S. spot Bitcoin ETFs lost $90M in a day, and weekly inflows dropped from $2.39B to $241M, so big buyers are stepping back.
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Our take: If Bitcoin loses $83,300, the next stop could be $80,000, with Fed meeting notes out today.
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