Bitcoin Holds Near $82,000 as Markets Shrug Off Ledger Wallet Theft Reports

Bitcoin bounced from Thursday’s dip to $80,250 and briefly pushed back above $83,000 when Wall Street opened on Friday, before settling around $82,500 ahead of the weekly close. The recovery came as rolling 24-hour liquidations topped $1 billion and fresh buyers stepped in. Order book data shows ask side liquidity thickening near $84,000.

Ledger Hardware Wallet Theft Reports Hit Security Concerns

Crypto largely brushed off claims that funds were stolen from Ledger users. Ledger acknowledged the reports and linked them to CryptoBillis, a reseller based in Southeast Asia, advising anyone who set up a device to move assets to a new signer with a fresh seed. Hardware wallets have faced tougher scrutiny since Coldcard suffered a multi-phase hack in July and August.

Bitcoin Key Levels Ahead of US CPI Data

The $82,500 zone has acted as support since mid-September and forms part of a possible inverse head-and-shoulders reversal, similar to a pattern seen in 2023. Bitfinex’s research team expects range-bound trading between $81,300 and $86,500 until the Oct. 14 US inflation report, with repeated tests of $84,000.