Weekly Recap: Bitcoin Tumbles While Samsung and OKX Make Big Moves
Photo: CoinCentral
TLDR Bitcoin dropped from above $87,000 as oil prices and bond yields rattled investors. US Bitcoin and Ether ETFs saw about $1.22 billion in combined weekly outflows. More than $1 billion in leveraged crypto positions were liquidated in one day. US regulators proposed new exchange rules and dropped two older wallet proposals. OKX gained new financial backers, and Samsung revealed USDC payments for Galaxy phones. Crypto markets had a rough week between October 5 and October 9. Bitcoin and Ethereum both lost ground, even as several companies announced new projects and partnerships.
Source: CoinCentral
