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Bitcoin is about $80,051 and closes a third red weekly candle for the first time since May
Daily on Cardano
Bitcoin opened Monday on a third red weekly candle. Around 14:19 Central European time CoinMarketCap holds it at $80,051. CoinGecko gives $80,073, down 0.36 percent from yesterday. The working price is $80,051. Yesterday it was $80,338. In the same hour ether is at $2,314.53, down 0.82 percent, Solana at $101.22, and XRP at $1.2918. Sunday's close was $80,048.50, with a Saturday low of $79,120.80. At 06:03 The Crypto Basic puts the middle of the Bollinger bands at $82,255.37.
At 11:38 the same outlet writes that three consecutive weeks closed at $83,679, $82,002, and $80,048, and that this has not happened since May. After three red weekly candles in May, the fourth took the price from $73,568 to $63,316, down 13.93 percent. That is a historical comparison from that piece. CryptoLinus names $80,700 as the key level. That, too, is someone else's reading of the book.
Funds and Strive
Farside, the last closed row, records Bitcoin at minus $137.9 million for 23 October, ether at plus $4.4 million, and Solana at $0.0. On 22 October Bitcoin was minus $635.6 million, ether minus $110.6 million, and Solana minus $8.9 million. On 21 October Bitcoin was plus $524.8 million, ether plus $14.9 million, and Solana plus $0.6 million. The week of 19 to 23 October finishes at plus $301.2 million for Bitcoin, minus $220.7 million for ether, and minus $17.6 million for Solana. Friday is an outflow. The week is not. There is no print yet for 26 October. The US session has not closed. A Farside figure for XRP is not available. Bitcoin.com puts the same week at plus $304.73 million, with IBIT at plus $675.96 million. The two weekly totals are not the same row. At 09:20 today Cointelegraph's feed carries a headline that Bitcoin ETFs broke a two-week outflow streak with a $301 million comeback. Kriptoteme on 25 October carries Coinbase: spot ETFs are the leading buyers of bitcoin, and retail is weakening. That was already on yesterday's desk.
Strive, ticker ASST, bought 6,182 bitcoin for $511.4 million from 17 to 23 October. It holds 43,000 bitcoin in total. Bitcoin Magazine writes that today at 13:24.
The network and the pair against ADA
At 14:19 mempool.space gives fees of 2, 1, 1, and 1 satoshi per virtual byte. The mempool holds 43,264 transactions, against 52,868 yesterday. Height is 973,240. Hashrate is 1,076.1 exahash per second. The next difficulty adjustment is estimated at plus 5.87 percent, around 29 October at 19:12. Yesterday's estimate was plus 4.90 percent around 22:10. The two estimate times are not the same row.
In the same hour Bitcoin falls 0.36 percent and ADA rises 0.22 percent. ADA against bitcoin therefore stands higher for the first time after two days, from 254.0 to 255.5 satoshis. Losing the $80,700 level and a fourth red weekly candle would be pressure on ADA as well. A return above $82,255 would give room. Those are scenarios.
Sources: CoinMarketCap, CoinGecko, The Crypto Basic, three candles, The Crypto Basic, Bollinger, Farside, Bitcoin, Farside, ether, Farside, Solana, Bitcoin.com, the week, Kriptoteme, Coinbase, Bitcoin Magazine, Strive, mempool.space.