Bitcoin gave back its gains on Thursday after rising earlier in the week, leaving it roughly where it had been the previous Friday. Brent crude jumped about 7% to above $113, while tech stocks fell; the source says an AI-spending scare was mostly behind the tech weakness. The Coinbase premium reached its most negative level since July’s bottom, indicating heavier U.S. selling than on offshore exchanges, and U.S. Bitcoin ETFs saw their biggest one-day outflows since June. Glassnode estimated ETF holders’ cost basis near $81,000 and warned that a break below it could bring bitcoin back to the low $70,000s.
Elsewhere, France’s reported 31.4% tax on crypto-to-stablecoin swaps is a proposed amendment, not law. Railway disclosed a breach involving customer secrets; its notice says some encrypted environment variables may have been decrypted and recommends rotating credentials.
