Bitcoin holds near $83,300 as Strive adds coins and Ledger halts Asia sales

Bitcoin held its rebound near $83,300 as corporate buyer Strive added to its holdings and lined up more funding for purchases. The Fear & Greed Index also recovered to 62, while Ledger asked resellers in Southeast Asia and Hong Kong to pull devices from shelves.

Bitcoin

Bitcoin traded at $83,325 in a CoinGecko snapshot taken at 00:16 UTC on 14 October, up 2.3% over 24 hours and down 2.83% over seven days. The 24-hour range ran from $81,369 to $84,074. Trading volume was $30.6 billion. The price is little changed from our previous recap, but the 24-hour gain has widened as the dip toward $81,000 rolls further back in the window. BTC/USD chart.

Ether and the majors

Ether rose 3.13% to $2,504.02, trading between $2,419.97 and $2,535.36. Every large cap gained on the day, but all remain lower on the week. Cardano and Solana carry the deepest seven-day losses. ETH/USD chart.

Breadth and sentiment

CoinGecko puts total crypto market capitalisation at $2.828 trillion. Bitcoin dominance stands at 59.2% and Ether dominance at 10.8%.

The Alternative.me Fear & Greed Index rose to 62 from 57 a day earlier, staying in "Greed". It remains below the 69 reading of 12 October and the 71 of 7 October. Decrypt noted that buyers stepped in after Bitcoin dipped below $81,000, but said the index suggests traders are not convinced yet.

What moved the market

Strive keeps buying

Decrypt reports that Strive bought $280 million of Bitcoin at an average of about $84,500, its largest purchase in months, lifting its stash to 32,773 BTC. Cointelegraph says the company booked $208 million in warrant exercises and is now the fifth-largest publicly traded corporate Bitcoin holder. According to CoinDesk, Strive is raising $500 million through a new preferred share class, SATS, with a fixed 15% dividend yield at par. It ranks junior to the existing SATA, which pays a variable rate, currently 13%.

Hardware wallet fallout spreads

Cointelegraph reports that Ledger asked resellers in Southeast Asia and Hong Kong to halt sales while investigators work out where tampering occurred. Decrypt says the hidden LTE chip read the 24-word recovery phrase off the screen during setup in a suspected $86 million drain. Rival Trezor will end reseller authorizations on 1 January 2027, according to Decrypt.

Other headlines

• Binance will shut Binance Pool, Pool Savings and Cloud Mining after six years, Decrypt reports.
• A wallet that received 4,581 BTC in March 2020 moved coins worth about $377 million, per Decrypt.
• BNY and Citadel Securities tested tokenized US Treasuries to move collateral faster, CoinDesk reports.
• South Korea blocked 27 unregistered exchanges, including Bitmart and KuCoin, according to CoinDesk.

What to watch next

1. US inflation data. CoinDesk says investors are positioning ahead of Wednesday's US CPI release. Our sister site covers how the dollar is trading into the CPI report.
2. Strive's SATS offering. The $500 million raise is earmarked for more Bitcoin, per CoinDesk.
3. Ledger's investigation. Findings on where the tampering occurred could decide when Asian sales resume.
4. Binance mining exit. Watch for timelines on the pool shutdown.