QuantCapYour day-ahead look for Oct. 9, 2026
Trump's Iran pledge underpins crypto gains as bitcoin bears face liquidation pressure
Your day-ahead look for Oct. 9, 2026
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Bitcoin BTC$83,295.39 held near $82,600 after President Donald Trump said he would not strike Iran before the U.S. midterm elections, pulling the largest cryptocurrency off Thursday’s low of roughly $80,400 and turning the liquidation pressure onto bearish traders.
Ether ETH$2,506.98 slipped 2% over 24 hours to about $2,500, still nursing the worst of Thursday’s flush, when ether bets were wiped out at six times bitcoin’s rate relative to its market value.
SOL was the laggard among the major coins, losing nearly 4% over the same period to around $110, while XRP and HYPE were little changed. The broader CoinDesk 20 index slipped about 2%.
Thursday’s dip tested a level traders watch for the medium-term trend.
“At the peak of its decline on Thursday, Bitcoin fell to $80.4K, touching its lowest level in the past three weeks and its 50-day moving average, where the balance shifted in favour of buyers,” Alex Kuptsikevich, the chief market analyst at FxPro, said in an email to CoinDesk.
“This moving average is often regarded as an indicator of the medium-term trend. It has performed this function admirably since July, when the price consolidated above it, and then the 50-day moving average acted as support in August. Yesterday’s dip provided further confirmation of buying interest during pullbacks,” he added.
Meanwhile, broader markets showed signs of recovery from drawdowns earlier in the week.
S&P 500 index futures rose less than 0.5% and Nasdaq 100 contracts gained nearly 1% amid reports that OpenAI expects to reach $70 billion in annualized revenue by year-end.
Brent crude slid below $103 a barrel on Trump’s Iran remarks, a day after hitting a two-week high, taking some heat off the inflation fears that pushed Fed minutes toward another interest-rate increase. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today. For a comprehensive list of events this week, see CoinDesk's Crypto Week Ahead.
What’s trending
Bitcoin mined for pennies in 2010 moves after 16 years, now worth $8.5 million (CoinDesk): The 100 BTC came directly from two mining rewards created during Bitcoin’s “Satoshi era.” New tech to power bitcoin lending is set to debut with $500 million in commitments (CoinDesk): Layer-1 blockchain Sui is set to launch Hashi, a new institutional network that allows holders to use bitcoin as collateral for lending without moving it off the Bitcoin ledger. Treasury yields steady as Trump strikes diplomatic tone on Iran ahead of midterms (CNBC): Bond yields largely steadied Friday morning as investors digested the latest Treasury auction and President Donald Trump’s pledge not to attack Iran until after the U.S. midterm elections. World shares are mostly higher and crude prices fall after an unsettled day on Wall St (AP): Shares were mostly higher in Europe and Asia, while oil prices fell back from recent gains. The German DAX rose 0.7%, while the CAC 40 in Paris surged 0.8%. Britain’s FTSE 100 picked up 0.7%.
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Today’s signal
The chart shows weekly moves in the price of bitcoin. The largest cryptocurrency sank to about $80,300 yesterday before recovering to $82,600, and is now testing overhead resistance.
The key support is now BTC’s 50-week exponential moving average (EMA) of around $78,000.
1Zcash developers set January target for quantum-resistant payments after ‘bunker mode’ scare30 minutes ago 2Bitcoin steadies near $82,500 after Trump rules out Iran strike before midterms1 hour ago 3Thailand opens door to locally listed bitcoin and ether ETFs1 hour ago 4UK slaps sanctions on three crypto exchanges over alleged Russia links1 hour ago 5Dark web drug market operator sentenced to 40 years, forfeits $101 million in bitcoin2 hours ago 6MARA transfers $81.1 million in bitcoin to Galaxy Digital as strategy pivots to AI 3 hours ago 7Sam Altman-backed bitcoin insurer Meanwhile secures $37.5 million in Bain Capital Crypto-led round3 hours ago 8Live updates: Bitcoin climbs back above $83,000; XRP ETFs only crypto funds with inflows Thursday5 hours ago 9New tech to power bitcoin lending is set to debut with $500 million in commitments5 hours ago 10Solana is about to halve its block times as final 200-millisecond upgrade nears7 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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Zcash developers set January target for quantum-resistant payments after ‘bunker mode’ scare
Bitcoin steadies near $82,500 after Trump rules out Iran strike before midterms
Thailand opens door to locally listed bitcoin and ether ETFs