Bitcoin slips 2.01% as Blast plunges 46.97% after L2 shutdown

  • Blast announced its L2 shutdown and required users to withdraw assets by Oct. 26.
  • Bitcoin fell 2.01% to $84,802 after briefly touching $87,000.
  • Spot Bitcoin ETFs recorded $103 million of net inflows on Oct. 2.

Crypto markets traded mixed as Bitcoin fell 2.01% to $84,802 and Ether declined 2.15% to $2,680 after Bitcoin briefly reached $87,000 and traders took profits. Blast dropped 46.97% after announcing the shutdown of its layer-2 network (a secondary blockchain scaling network), requiring user withdrawals by Oct. 26. JST, WLD and ZRO outperformed as TRON reached a $30 trillion transaction milestone, Worldcoin benefited from reduced daily unlocks and LayerZero expanded cross-chain activity. Macro markets are reassessing the path for interest rates after soft U.S. jobs data and bond-yield spikes reduced October rate-hike odds to 25%, while Eurozone inflation rose to 3.8%. Investors are also watching next week’s FOMC minutes, U.S. CPI data and whether Bitcoin can regain $85,000. Spot Bitcoin ETFs attracted $103 million on Oct. 2, although Ether ETFs recorded about $118 million in outflows over three trading days.

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Bitcoin slips 2.01% as Blast plunges 46.97% after L2 shutdown - CoinPost Terminal