AgentFlareNewswire · Crypto · Wed, Oct 14, 2026
Saylor Says Bitcoin Bottomed Below $60,000 and Will Retake Six Figures
Strategy's Michael Saylor told Bloomberg Television on October 13 that the crypto rout is over and Bitcoin should move beyond $100,000, while the coin traded near $83,000 ahead of US inflation data.
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Saylor declares the crypto rout over, eyes a return above $100,000
Michael Saylor, co-founder and executive chairman of Strategy Inc., said in a Bloomberg Television interview on October 13 that Bitcoin should definitely move back into six figures beyond $100,000. He argued the market hit its bottom slightly below $60,000, bounced off it and is now advancing through the 80s. Saylor leads the largest corporate accumulator of the cryptocurrency, so his view carries weight with market watchers. Bitcoin was changing hands around $83,291.72 on October 13 per RTTNews, still well short of the level he named.
Why it mattersThe head of the biggest corporate Bitcoin holder is publicly calling a bottom, which shapes sentiment, though the call is a forecast rather than a market signal.
Strategy buys 250 bitcoin but spends far more on preferred buybacks
Strategy Inc. disclosed in an October 12 filing that it bought 250 bitcoin during the week of October 5 to October 11, 2026, at an average of $86,194 per coin including fees. That was fewer than the 334 bought the prior week. The company spent $21.5 million on bitcoin, versus $192.4 million repurchasing its STRC preferred shares. The bitcoin purchase was funded by $21 million from selling 125,183 common shares through an at-the-market program. As of October 11, Strategy held 848,250 bitcoin acquired for $64 billion, or about $75,444 per coin.
Why it mattersCapital is shifting toward preferred buybacks, raising questions about how much a key source of Bitcoin demand can still move the price.
Bitcoin holds firm as crypto waits on US consumer price data
RTTNews reported on October 13 that anxiety ahead of the September US consumer price release weighed on crypto sentiment, yet Bitcoin resisted the trend, trading between $84,061 and $80,963. Total crypto market capitalization slipped 0.08 percent to $2.8 trillion, with Bitcoin at 60 percent dominance and Ethereum at 11 percent. Liquidations over 24 hours reached $763 million, of which $630 million were long positions. Economists expect headline annual inflation to rise to 3.6 percent from 3.4 percent, with the core reading seen at 2.5 percent from 2.4 percent. Bitcoin had lost 3.5 percent over the past week.
Why it mattersA hotter inflation print could pressure risk assets, and the heavy long liquidations show leveraged traders remain exposed to sharp moves.
Coinbase heads into Q3 earnings with weak estimates and a stalled Clarity Act
Yahoo Finance reported that analysts expect Coinbase to post a Q3 2026 loss of $0.23 per share, and that the company has beaten EPS estimates in only one of its last four quarters. Shares have fallen 53.7 percent over 52 weeks. The stock also dropped nearly 10 percent after the Clarity Act failed a critical Senate procedural vote, leaving the industry without clearer US market-structure rules. Zacks noted the stock is down 5.8 percent over the past month. Separately, CEO Brian Armstrong backed an SEC proposal, voted on September 30, to widen retail access to private markets.
Why it mattersCoinbase is a bellwether for crypto regulation and trading activity, and legislative delay adds uncertainty to its earnings recovery.
FSB warns stablecoin rules are untested in a severe crisis
Andrew Bailey, chair of the Financial Stability Board, sent a letter to G20 finance ministers and central bank governors flagging vulnerabilities in global stablecoins, including multi-issuance arrangements such as Circle's USDC and the Paxos Global Dollar. An accompanying note said regulatory frameworks remain untested under severe stress and insolvency, with supervision, crisis management, accountability and cross-border cooperation underdeveloped. The FSB wants better monitoring of cross-border vulnerabilities and wider adoption of its 2023 recommendations. It also acknowledged that international accessibility makes stablecoins a potentially beneficial innovation.
Why it mattersStablecoin issuers and builders may face tighter cross-border supervision and stress-planning expectations as global regulators push for consistency.
Data behind the stories
Bitcoin was at $83,600 with a 24h gain of 2.76%, though down 2.83% over seven days, consistent with the sub-$85,000 range described in the reports. Ethereum, at $2,516, was down 7.39% over seven days and Solana, at $107.88, down 11.65%. On Polymarket's October Bitcoin market, a move up to 90,000 was priced at 31.5%.
What to watch
- The US Bureau of Labor Statistics releases September consumer price inflation on Wednesday morning, October 14, with headline annual inflation expected at 3.6 percent. rttnews.com
- Coinbase is expected to report Q3 2026 earnings soon, with analysts forecasting a loss of $0.23 per share. Yahoo Finance
Key takeaways
- Saylor says Bitcoin bottomed slightly below $60,000 and expects a return beyond $100,000.
- Strategy spent $192.4 million on STRC buybacks versus $21.5 million on 250 bitcoin in the week to October 11.
- Coinbase faces earnings after a failed Senate Clarity Act vote, while the FSB flags untested stablecoin frameworks.
FAQ
What did Michael Saylor say about Bitcoin's price?
On October 13 he told Bloomberg Television that Bitcoin should move back beyond $100,000. He said the market bottomed slightly below $60,000, bounced, and is now moving up into the 80s.
How much bitcoin did Strategy buy last week?
Strategy bought 250 bitcoin during October 5 to October 11, 2026, at an average of $86,194 per coin. It also spent $192.4 million buying back STRC preferred shares and held 848,250 bitcoin.
Why are crypto stocks like Coinbase under pressure?
Coinbase has fallen 53.7 percent over 52 weeks, and dropped nearly 10 percent after the Clarity Act failed a Senate procedural vote. Analysts also expect a Q3 2026 loss of $0.23 per share.
The wire
Every item considered for this digest, newest first — published within 48h of 2026-10-14 00:42 UTC.
- Strategy’s Saylor Sees Bitcoin Moving Back Up Beyond $100,000 bloomberg.com · 2026-10-13 18:55
- Bitcoin Firm While Overall Crypto Market Cap Drops rttnews.com · 2026-10-13 14:08
- Strategy Bought 250 Bitcoin Last Week and Spent Nearly Nine Times That Buying Back Its Own Preferred Shares. Has the Biggest Buyer Stopped Moving the BTC Price? 24/7 Wall St. · 2026-10-13 12:34
- Coinbase Global, Inc. (COIN) Is a Trending Stock: Facts to Know Before Betting on It Yahoo Finance · 2026-10-13 12:00
- Three Rulemakings, Two Dead Clocks: What a Permitted Stablecoin Issuer Must Actually Build finance.yahoo.com · 2026-10-13 07:00
- Coinbase CEO has blunt response to latest SEC proposal TheStreet · 2026-10-13 06:58
- Coinbase's Q3 2026 Earnings: What to Expect Yahoo Finance · 2026-10-12 09:53
- FSB warns stablecoin regulatory frameworks remain “untested” in crisis - Ledger Insights ledgerinsights.com · 2026-10-12 07:36
How this digest is made. Headlines and article text come from the AISA Financial News and Tavily APIs; only items published in the last 48 hours are eligible, and duplicates across outlets are merged. A language model writes the summaries strictly from those texts and the live market data shown — every story links to its sources. Market data: AISA Financial, CoinGecko, Polymarket and Macro APIs.
Sources & citations
- Strategy’s Saylor Sees Bitcoin Moving Back Up Beyond $100,000 bloomberg.com · 2026-10-13
- Bitcoin Firm While Overall Crypto Market Cap Drops rttnews.com · 2026-10-13
- Strategy Bought 250 Bitcoin Last Week and Spent Nearly Nine Times That Buying Back Its Own Preferred Shares. Has the Biggest Buyer Stopped Moving the BTC Price? 24/7 Wall St. · 2026-10-13
- Coinbase Global, Inc. (COIN) Is a Trending Stock: Facts to Know Before Betting on It Yahoo Finance · 2026-10-13
- Coinbase's Q3 2026 Earnings: What to Expect Yahoo Finance · 2026-10-12
- Coinbase CEO has blunt response to latest SEC proposal TheStreet · 2026-10-13
- FSB warns stablecoin regulatory frameworks remain “untested” in crisis - Ledger Insights ledgerinsights.com · 2026-10-12