Sept 24: Bitcoin Falls Back Toward $82K
from Daily Crypto News
Bitcoin has fallen back to roughly $83,500 after failing to hold $85,000, putting the $80,000 to $82,000 support area back in focus. The macro backdrop has become less favorable as Treasury yields rise, oil rebounds and strong economic data keeps additional Fed tightening in the conversation. The positive counterweight is institutional demand: according to the figures discussed on the show, spot Bitcoin ETFs added another $346.9 million Wednesday, extending their streak to five consecutive inflow days and roughly $2.65 billion. Meanwhile, Blockchain.com and the NYSE are exploring 24/7 tokenized U.S. stocks and ETFs, while the Trump administration is reportedly considering partnerships to promote dollar stablecoins internationally as a way to reinforce dollar dominance and Treasury demand. On the technology side, AI-assisted optimization cut the estimated computing cost of one experimental quantum-resistant Bitcoin transaction method from about $320 to $66, although the cheaper estimate has not yet been demonstrated in another mined transaction. Matt's immediate market question remains simple: after spending weeks trying to break through $80K to $82K, can Bitcoin now prove that same area is support? Happy HODLing
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