Crypto Weekly Recap: Why Bitcoin Fell, Ledger Hack and MSCI Risk for Strategy

TLDR Bitcoin fell to about $79,800 on October 15 after higher-than-expected US inflation data, then rebounded. Tampered Ledger hardware wallets were used to steal an estimated $90 million. MSCI’s new index rules could affect Strategy and other companies that hold mostly crypto. Circle’s USDC became the first stablecoin to get the EU’s top e-money token label. Coinbase expanded its stablecoin card deal with Marqeta, while Richard Heart’s arrest in Turkey was confirmed. Bitcoin fell below $80,000 during the week of October 12 to 17, and several other crypto stories made headlines. Here is a look at eight of them. Bitcoin Falls Below $80,000 After Inflation Data Bitcoin dropped to about $79,800 on October 15 before rebounding toward $82,500 within two hours.

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