Bitcoin dropped this week after US inflation and retail sales data showed stronger-than-expected price increases, prompting traders to anticipate more Federal Reserve rate hikes. The Consumer Price Index rose 0.6% in September, with gasoline prices up 9.1%, pushing inflation above forecasts. Retail sales increased but were partly driven by higher energy costs, not just more goods sold. Higher interest rate expectations make yield-free assets like Bitcoin less attractive, causing outflows from digital asset funds. However, this pressure is seen as short-term, with future inflation or economic shifts potentially easing rate hike concerns.
Bitcoin's recent market context includes a breadth of 50 major cryptocurrencies tradable on Pluang, with 16 rising and 33 falling as of Oct 17, 2026 00:22 WIB. Among notable movers, UNI (Uniswap) dropped 4.71% to Rp127.497 with a Pluang order activity of 34% Sell / 66% Buy and a typical hold time of 65 days. CRV (Curve DAO Token) fell 4.63% to Rp6.181, showing 79% Sell / 21% Buy activity, while CAKE (PancakeSwap) declined 4.41% to Rp38.237, with a nearly balanced sell/buy split and a hold time of 75 days.
Pepeto, a new cryptocurrency on the Ethereum network, has quickly raised over $11.23 million in its presale, with each funding stage closing faster than the last. This momentum comes as Ethereum is predicted to reach $10,000 by the end of 2026, drive...
BlackRock, Inc. disclosed that its voting rights in pharmaceutical company Fagron NV fell below the 3% reporting threshold due to the transfer of voting securities, despite acquiring financial instruments equivalent to voting rights. As of October 12...
Opus Genetics announced FDA approval of phentolamine ophthalmic solution 0.75% for treating presbyopia, an age-related condition affecting near vision in adults. This approval, based on successful Phase 3 trials, provides a non-invasive option that i...
K2 Vision has completed over 5,000 procedures using the Light Adjustable Lens (LAL), making it the highest-volume practice worldwide for this technology. The LAL is unique because it can be adjusted after implantation to fine-tune vision based on the...
BlackRock, Inc. disclosed that its shareholding in Fagron NV dropped below the 3% threshold to 2.96% after selling some voting securities, despite acquiring equivalent financial instruments. As of October 12, 2026, BlackRock holds 2,015,779 voting ri...
