Key Takeaways
- • Bitcoin traded around $82,450 to $82,674 on Friday into early Saturday, per Investing.com, but was on course for a weekly decline of nearly 3% after approaching $87,000 on Sunday.
- • Rising oil prices and expectations of tighter U.S. monetary policy weighed on crypto; markets expect the Fed to hold rates at the October 27-28 meeting, with a potential 25-basis-point hike in December.
- • Ledger is investigating reports of missing cryptocurrency tied to devices sold through reseller CryptoBilis; blockchain investigators estimated losses of $86 million to $93.4 million, which Ledger has not confirmed.
- • Strategy's (MSTR) 12% high-yield preferred STRC rose to $99.71, its highest since June; a move above $100 could enable further preferred issuance to fund Bitcoin purchases.
Summary
Bitcoin remained under pressure heading into the weekend of October 10, 2026, trading around $82,450 on Friday according to Investing.com. The world's largest cryptocurrency was up 0.53% over the prior 24 hours but about 1% below its intraday highs, and was on course for a weekly decline of nearly 3% after approaching $87,000 on Sunday. Ether rose 0.29% over 24 hours but was down roughly 7% for the week, underperforming Bitcoin.
Macro conditions drove the pullback. Rising energy prices and higher interest rates pressured crypto markets as investors reassessed the U.S. monetary policy outlook ahead of key inflation data. The September consumer price index and producer price index reports, scheduled for the following week, are expected to indicate whether the Federal Reserve could resume raising rates. Markets currently price a hold at the October 27-28 FOMC meeting, with a potential 25-basis-point increase in December. Higher rates typically reduce demand for speculative assets such as Bitcoin as investors seek yield in fixed income.
Security concerns also weighed on sentiment. Hardware wallet maker Ledger launched an investigation into reports of missing cryptocurrency linked to devices sold through Southeast Asian reseller CryptoBilis. Blockchain investigators estimated potential losses of $86 million to $93.4 million, though Ledger has not confirmed the amounts or the cause. Ledger asked CryptoBilis to suspend sales and shipments pending the review, and there is no confirmed evidence that Ledger's own systems were compromised.
Corporate demand remained a focus. Strategy (NASDAQ: MSTR) said its high-yield preferred shares, STRC, climbed to $99.71 on Friday, their highest level since June. The preferred carries a 12% annualized dividend, with Strategy holding dollar reserves to support payments. A move above $100 could allow the company to issue additional preferred shares to finance further Bitcoin purchases, potentially adding another source of demand.
Macro conditions drove the pullback. Rising energy prices and higher interest rates pressured crypto markets as investors reassessed the U.S. monetary policy outlook ahead of key inflation data. The September consumer price index and producer price index reports, scheduled for the following week, are expected to indicate whether the Federal Reserve could resume raising rates. Markets currently price a hold at the October 27-28 FOMC meeting, with a potential 25-basis-point increase in December. Higher rates typically reduce demand for speculative assets such as Bitcoin as investors seek yield in fixed income.
Security concerns also weighed on sentiment. Hardware wallet maker Ledger launched an investigation into reports of missing cryptocurrency linked to devices sold through Southeast Asian reseller CryptoBilis. Blockchain investigators estimated potential losses of $86 million to $93.4 million, though Ledger has not confirmed the amounts or the cause. Ledger asked CryptoBilis to suspend sales and shipments pending the review, and there is no confirmed evidence that Ledger's own systems were compromised.
Corporate demand remained a focus. Strategy (NASDAQ: MSTR) said its high-yield preferred shares, STRC, climbed to $99.71 on Friday, their highest level since June. The preferred carries a 12% annualized dividend, with Strategy holding dollar reserves to support payments. A move above $100 could allow the company to issue additional preferred shares to finance further Bitcoin purchases, potentially adding another source of demand.
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