Bitcoin pulled back from the $87,000 resistance level and slid by nearly $7,000 over three trading days, briefly touching $80,400. The move was sparked by the U.S. government transferring crypto holdings, including 834 BTC, to Coinbase Prime, stoking fears of a potential sale. During the transfers, BTC fell $2,000 in 20 minutes and was down 6.9% over the period. Analysts had previously pointed to $92,000 as a target if BTC moved beyond $87,000, but selling followed instead.

Bitcoin fell 7% intraday. Over the same period, U.S. market holdings declined by 17,468 BTC, while short-term holders transferred 45,600 BTC to exchanges. On-chain data show that the shift in holdings and short-term holder activity together intensified supply pressure on the market.

South Africa’s rand strengthened on Friday and was set to break a four-week run of declines. A more than 1% rise in gold prices and a softer U.S. dollar helped support the currency. Lower oil prices also provided relief. The rand traded at 16.5275 per dollar in early dealings, up about 0.7% on the week, while the Top-40 index gained 1.4% and the 2035 benchmark bond yield fell 7 basis points to 8.795%.

Malaysia’s government announced a RM160 million joint financial package with e-hailing platform Grab under Budget 2027 to raise net earnings and improve welfare for e-hailing and p-hailing workers. The package covers higher minimum income, vehicle maintenance and insurance, and Social Security Organisation (Socso) contributions. It also includes measures such as matching incentives and support to encourage social protection and retirement savings for drivers and riders.

Xiaomi said its newly launched SkyNomad SUV series logged more than 70,000 nonrefundable orders in its first month on the market, helping lift its Hong Kong-listed shares as much as 9.2%. The tally trails the 240,000 nonrefundable orders the YU7 SUV drew within the first 18 hours of its release last year. The company said it delivered more than 40,000 vehicles in September, including 10,000 Skynomad SUVs.

PepsiCo is increasing prices on snacks including Doritos, Ruffles and SunChips, citing higher costs for fuel, aluminum and agricultural supplies, with hikes in the single-digit percentage range. The move comes just months after the company cut prices in February to win back consumers strained by inflation. Frito-Lay snack volumes were flat year over year, while beverage volumes fell 2%, suggesting demand has not rebounded as quickly as expected.

Ethereum has fallen 10% over the past three days alongside a broader market pullback, cutting more than $38 billion from its market capitalization. On-chain data show Binance’s ETH reserves continue to decline, dropping from around 3.92 million in August to 3.47 million now, a decrease of nearly 11.5%. On October 6, the exchange logged more than 320,000 ETH withdrawal transactions in a single day, a record high. ETH’s RSI has slipped to around 23 as the token tests support at the lower boundary of a rising channel.

Brent crude fell 1.3% on Friday after Donald Trump said the US would not attack Iran before the US midterm elections and as China restarted fuel exports. European equities traded higher, with the FTSE 100 up 0.8%, France’s CAC 40 up 0.77% and Germany’s DAX up 1.07%. US stock index futures pointed to a firmer open on Wall Street.