SteelWater daily crypto read · 8 Oct 2026
Bitcoin slid to about $83,300 and Ethereum dropped nearly 5% after September Fed minutes showed most officials still favor another rate hike by year-end, triggering over $500 million in forced liquidations.
Sentiment 36/100 (Fearful)
Crypto markets booked their sharpest down day in roughly two weeks on Wednesday, with Bitcoin, Ethereum, Solana and XRP all falling together after a key piece of US central bank communication landed more hawkish than traders had hoped.