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Bitcoin (BTC) fell below $84,000 on Thursday as investors continued to take profits after the cryptocurrency's rally to its highest level since January. However, it has slightly recovered and is now trading above $84,200. Despite the decline, sustained exchange-traded fund inflows and accumulation by larger holders suggest that underlying demand remains constructive. Bitcoin also continues to trade well above its major daily moving averages, leaving its broader bullish structure intact. The immediate test is whether buyers can defend the current area and reclaim resistance at $85,000. Profit-taking weighs on Bitcoin price Bitcoin began the week with a 6.7% gain on Monday, climbing to $87,395 before sellers began locking in profits.

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Bitmine Immersion Technologies disclosed that its Ethereum holdings reached 5,983,940 tokens, equal to approximately 4.9% of Ethereum's total supply of roughly 122.1 million ETH, according to the company's press release. Valued at $2,688 per ETH by Coinbase's pricing at the time of disclosure, the ETH position alone is worth roughly $16.1 billion, and puts Bitmine at 98% progress toward what the company calls its “Alchemy of 5%” target of owning 5% of all ETH in circulation.

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Will BTC hold above $80K ahead of another likely October Fed rate hike?

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Bitget crypto exchange said unauthorized transfers from some of its hot and warm wallets on Thursday drained nearly $351 million in crypto. XRP is the largest stolen asset, valued at nearly $157.5 million.