CryptoQuant founder and CEO Ki Young Ju says rising Bitcoin hashrate is an “indirect bullish signal” from institutions, since many public miners are backed by traditional finance firms. According to CryptoQuant data, hashrate has recovered about 45% from summer lows of roughly 726 EH/s in July to about 1,050 EH/s on Wednesday, but remains below the October 2025 peak of 1,305 EH/s. Nasdaq-listed NIP Group (NIPG) announced an agreement to acquire about 4.47 EH/s of already-deployed mining hardware, which would bring total hashrate across three tranches to 13.85 EH/s, versus 3.11 EH/s operating today. NIPG shares fell 6.8% to $6.10 on Wednesday, while TeraWulf, Core Scientific, Cipher Mining and IREN each lost about 12% as the US stock market had its sharpest selloff since July after higher-than-expected inflation figures.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
Bitcoin rose nearly 2% to $84,600, its first time at that level since Oct. 7, as US stocks gained after SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year and beating expectations by nearly 15%. SpaceX also posted net income of $4.4 billion, and analysts at Truist Securities said its results helped calm fears over corporate spending on AI buildouts. The tech-heavy Nasdaq Composite rose 0.7% early in the session before giving back some gains, while South Korea's KOSPI finished 3.29% higher at 5,735 points. Rekt Capital said Bitcoin needed a daily close above $83,400 to shift focus higher, and that a rejection there could send price below $82,500.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
- Over the Past 3 Years, Bitcoin Is Up 225% and the Nasdaq Is Up 109%. Here's the 1 Takeaway Lesson for Crypto Investors.
Over the past 3 years, Bitcoin rose 225% while the Nasdaq gained 109%, but the article argues the result depends on whether investors stayed in the market. Citing research from Grayscale, it says missing Bitcoin's 5 best trading days would cut its return to 95%, missing the top 10 would reduce it to 27%, and missing the top 15 would produce an 11% loss. The Nasdaq's gains were far less dependent on a few days, with returns turning negative only after missing its 25 best days. The author concludes that long-term exposure works better than trying to time the market, since Bitcoin's volatility is also what produces its large upside bursts.
- Live updates: Bitcoin tumbles from near $84,000 ahead of U.S. inflation data
Bitcoin dropped back from a brief spike to $84,000 early Wednesday and was down 0.5% at about $83,200. It remains boxed between its 50-day moving average near $81,000 and the $84,000 ceiling, as buyers held the $81,000 area on Tuesday but have not pushed above $84,000 since. Among major cryptocurrencies, ZEC and TRX rose about 1%, HYPE fell 2% to about $81, SOL dropped 1.4% and ether slipped 1% to just under $2,500. FxPro's Alex Kuptsikevich said caution in the Nasdaq 100 is preventing bitcoin from gaining ground, while forecasts point to a slowdown in underlying prices in the September U.S. inflation report.
- Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s
Microsoft has dropped a planned Nscale AI data center in Loughton, Essex, after UK Power Networks said enough grid power might not be available until the early-to-mid 2030s. The site was meant to house 23,040 Nvidia chips and deliver 50 megawatts to Microsoft's Azure cloud by early 2027, and Nscale says its other Microsoft contracts remain in place. The article says bitcoin miners moving into AI face heavy costs and slow payoffs: an AI-ready facility can cost $8 million to $15 million per megawatt versus roughly $700,000 to $1 million for mining, and of more than 4 gigawatts of AI capacity under contract, only about 550 megawatts is billing customers. Meanwhile, data center grid connection requests in Britain total about 73 gigawatts, and regulator Ofgem is weighing tougher rules.
- Live updates: Bitcoin clings to $82,500 as SpaceX results lift stock futures
Bitcoin was holding just above $82,500 on Wednesday, a level XS.com called its most important support, as stock futures rose after SpaceX posted results well above forecasts. Bitcoin had fallen in step with the Nasdaq last week following a hot U.S. inflation report and a selloff in AI and chip stocks, and XS.com said that link is getting stronger. A decisive break below $82,500 could expose bitcoin to a drop toward $70,000, a further 15% decline, which is the downside case laid out by Wintermute. A move back above $84,000 would take that scenario off the table.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.