Bitcoin Slips 0.38% Saturday; Russian Diesel Shipment in Headlines
Bitcoin traded at $80,769.67 on Oct. 24, down 0.38% from Friday; FRED's WTI spot price was $107.89 as of Oct. 20 and the broad dollar index 121.40.
Bitcoin edged lower on Saturday, Oct. 24, trading at $80,769.67, down 0.38% from $81,078.04 on Oct. 23, according to FMP data. Futures and exchange-traded funds were closed for the weekend.
Weekday reference prices for oil and the dollar from FRED lag the calendar. The spot price of West Texas Intermediate crude was $107.89 a barrel as of Oct. 20, the latest FRED observation, and the broad trade-weighted dollar index was 121.40 as of Oct. 16.
Energy supply featured in weekend headlines. Fox Business reported that the first Russian diesel tanker is heading to New York after Trump's deal with Putin to lower fuel prices. The WSJ reported that Trump announced Audi's first-ever U.S. factory in Georgia as tariffs bite. Barron's reported that Japan has joined the data center rush.
The coming week's energy calendar includes the API crude stock report on Oct. 27, following a 4.93 million barrel draw in the prior report, and the EIA's weekly crude inventory figure on Oct. 28, expected to show a 0.3 million barrel draw after a 3.061 million barrel draw. EIA gasoline stocks most recently fell by 2.952 million barrels.
CFTC positioning data are scheduled for Oct. 30; speculative net positions which in the previous report stood at 199.9K for gold and 89.3K for crude oil. The Federal Reserve's rate decision on Oct. 28 is also on the calendar.
Data
| Instrument | Level | Change | As of |
|---|---|---|---|
| Bitcoin (BTCUSD) | $80,769.67 | -0.38% | Oct. 24 |
| WTI spot (FRED) | $107.89 | Oct. 20 | |
| Broad dollar index | 121.40 | Oct. 16 | |
| CFTC gold net positions (prior) | 199.9K | ||
| CFTC crude net positions (prior) | 89.3K |
Data: FMP, FRED. Figures are close-to-close unless stated.
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Neutral market summary for information only; not investment advice.
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