Latest update · October 7, 2026
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Bitcoin came close to its all-time high but failed to break $70K, dropping 4.5% after the US moved $2 billion in Silk Road BTC.
Japan's central bank rate hike and a weak US jobs report triggered a sharp crypto sell-off amid fears of a broader economic downturn.
Bitcoin reclaimed $60,681, up 10% on the week, while Ethereum surged 17% to $2,719 as the prior downturn proved overdone.
Bitcoin consolidated around $60K, ending the week down just 0.4% despite 5% intraday swings, as Ethereum held near $2,500.
Bitcoin hit $65K on record ETF inflows before dropping 6% to $58K on large long liquidations and broader global uncertainty.
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