Market Wrap: Blame BitMEX as Bitcoin Dumps to $10.4K; Record Month For Ethereum Fees

Derivative exchange BitMEX’s legal issues with U.S. regulators took a toll on bitcoin’s price while DeFi gave Ethereum miners more fee revenue than ever. 

  • Bitcoin (BTC) trading around $10,582 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $10,427-$10,931
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin trading on Coinbase since Sept. 29.
Source: TradingView

Bitcoin’s price was as high as…


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