A stronger dollar is a weaker threat to bitcoin than traders think

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's Crypto Week Ahead.

What’s trending

OpenAI, Google and Meta pledge outside AI audits under voluntary White House deal (CoinDesk): OpenAI, Google, Meta and three other technology companies agreed Tuesday to bring in outside auditors to check their AI safety controls, signing a voluntary White House pact that carries no penalties if they fall short.

Bitcoin bulls have one price level to defend (CoinDesk): The world's largest cryptocurrency hit a high above $87,400 on Sept. 21. It has pulled back since, testing the $82,000 to $83,000 zone. That area matters. It's where bitcoin topped out in May before tumbling to about $57,000 in June.

Pressure on U.S. Treasurys eases after 30-year yield hits highest level since 2002 (CNBC): U.S. Treasury yields were lower on Wednesday, recovering ground after facing heavy selling pressure in the previous session, amid investors concerns about inflation, government debt and the potential for tighter monetary policy.

Wall Street’s hopes for a blockbuster IPO season are fading (WSJ): Market choppiness and artificial-intelligence safety fears are spooking investors and throwing into disarray what was expected to be a string of blockbuster IPOs this fall.