SteelWater daily crypto read · 9 Oct 2026

Bitcoin slid to a one-week low near $81,900 and Ether briefly broke below $2,410 as hawkish Fed minutes, a Strait of Hormuz oil spike above $100 a barrel, and roughly $487 million in Wednesday spot Bitcoin ETF outflows extended crypto's selloff into a second day.

Sentiment 33/100 (Fearful)

00% range back in September. For anyone new to this: when the Fed signals it plans to keep borrowing costs high, it becomes more expensive for companies and investors to borrow money, and that tends to push investors out of riskier assets like crypto and into safer ones like cash or short-term government bonds.

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