Weekly digest: Bitcoin holds $80K after CPI shock as stablecoins reach $306B
- —US September CPI rose 3.7% versus 3.6% expected; bitcoin briefly fell 2%
- —Stablecoin market cap hit $306 billion, with USDC's adjusted volume share above 60%
- —Circle plans to enter about 40 developing markets across Asia, Africa and Latin America
- —China moves to confiscate ~$5 billion in crypto, including 61,896 BTC from the Chen Zhimin case
Why it matters: The key catalyst is the Oct. 27–28 FOMC decision, which will determine whether bitcoin holds above $80K or slides toward $75K.
Source: Digital Today