Crypto markets mixed as Bitcoin slips 1.54% amid risk-off sentiment

  • Strategy acquired 1,666 BTC, increasing its corporate holdings to 847,666 Bitcoin.
  • Bitcoin traded at $83,406, down 1.54%, while total crypto market cap reached $2.87 trillion.
  • Hong Kong’s SFC and AFRC extended oversight to licensed VASPs through a signed MOU.

Crypto markets traded unevenly amid geopolitical uncertainty, profit-taking and broad risk-off deleveraging. Bitcoin fell 1.54% to $83,406 and Ether slipped 0.43% to $2,679.76, while Quant, Hedera and Algorand gained 37.3%, 27.7% and 14.6%, respectively, on partnership and adoption-related news. Total crypto market capitalization stood at $2.87 trillion, with trading volume of $95.71 billion. Regulatory pressure increased after Hong Kong's SFC (Securities and Futures Commission) and AFRC (Accounting and Financial Reporting Council) signed a memorandum of understanding extending compliance and audit oversight to licensed VASPs (virtual asset service providers). South Korea's FSC (financial regulator) plans phase-two legislation covering market makers and won-denominated stablecoins, while a U.S. Senate report said 84% of sanctioned wallets use USDT, intensifying stablecoin AML (anti-money-laundering) scrutiny. Strategy acquired 1,666 BTC for $139.5 million, raising its holdings to 847,666 Bitcoin as of September 28. Chainlink launched CCIP 2.0 with AWS and Fidelity support for compliant cross-chain distribution of tokenized assets. Other reported treasury moves included purchases by Strive, Bitmine and DeFi Development Corp., alongside a 4,500-BTC transfer from a dormant whale.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.