Bitcoin edged lower to about $80,166, down 0.3% over 24 hours after briefly dipping to the $79,000 range. U.S. spot Bitcoin ETFs recorded total net outflows of $773.5 million on Thursday and Friday, according to Farside Investors data. Peter Schiff said BTC was finally breaking down, with the next stop likely at $75,000, and warned that if that level fails, ETF investors could not sell until Monday because spot ETFs trade only when U.S. stock markets are open. Retail sentiment on Stocktwits remained 'bearish,' and the Crypto Fear & Greed Index stood at 40, in 'Fear' territory. Bloomberg Intelligence's Mike McGlone said 'Don't fight the Fed' may be the lesson of 4Q for high-beta, correlated assets such as Bitcoin, gold and copper, and recalled his earlier call for Bitcoin to slide toward $10,000.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bitcoin Slips Below $80K As Peter Schiff Warns Of ‘Very Long Weekend’ For BTC Investors — Mike McGlone Says ‘Don’t Fight The Fed’
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/24/2026 | 80,888.16 |
| Change that session | -0.37% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/24/2026 | 2,358.82 |
| Change that session | -1.21% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%
Bitcoin rose 0.5% to around $81,700 since midnight UTC, recovering from a low near $81,000, while altcoins moved faster: the CoinDesk 80 gained 1.4%, memecoins climbed 2.9% and pepe jumped 13%. The rebound followed Thursday's tech-led selloff, when the Nasdaq Composite fell 2.6% in its steepest decline since June. Traders are watching the Fed's Oct. 27-28 meeting, with Brent crude near $113 keeping inflation worries alive, after U.S. spot bitcoin ETFs lost $635 million on Thursday following more than $1 billion of inflows in the first three days of the week. In derivatives, crypto futures volume fell 19% and liquidations dropped 23% over 24 hours.
- Bitcoin ETFs Erase October Losses With $1 Billion in Three Days
U.S. spot Bitcoin ETFs took in $524.8 million on Wednesday, extending a three-day inflow streak to about $1.07 billion and pushing October's net flows positive by roughly $460 million. Ethereum ETFs snapped a five-day outflow streak with a $14.9 million inflow, though they remain down about $1.07 billion for the month. Bitcoin, however, fell 2.4% to about $81,470 despite the inflows, and Ethereum dropped 2.6%. Prediction-market traders on Myriad give Bitcoin only a 20% chance of topping $87,500 before October ends. The Federal Reserve meets on Oct. 27-28, with persistent inflation keeping another rate hike on the table.
- Equity weakness could damp demand for bitcoin after biggest ETF inflows in a month
Bitcoin fell about 1.1%, ether dropped 1.7% and the CoinDesk 20 index lost roughly 1.6% over the past 24 hours, pulled lower by Asian stock declines and rising oil. QCP Capital warned that further equity weakness could damp crypto demand and threaten the $80,000 support level if sustained. Still, spot U.S. bitcoin ETFs drew about $527 million in net inflows on Monday, their biggest in a month, with BlackRock's IBIT taking in $665 million while Fidelity and Grayscale saw outflows. Ether ETFs lost $103.3 million, their fourth straight day of outflows. The 10-year Treasury yield is near 5.13% and Brent is near $110, while prediction markets price in a 25 basis-point Fed rate hike next month.
- Bitcoin Price Holds Above $81K as ETF Outflows Raise Concerns
Bitcoin held above $81,000 on Saturday, October 17, rising 0.6% to $81,544.8 after a volatile week that briefly fell below $80,000 following a rally past $84,000. U.S. spot Bitcoin ETFs recorded $82.39 million in net outflows on October 16, including $71.78 million from BlackRock's IBIT, after $261.4 million left on October 14. Concerns center on inconsistent institutional demand and expectations of further Federal Reserve rate hikes. Ethereum gained 0.5% to $2,417.92, and stablecoin issuer Circle reported about $1.4 billion in first-half 2026 revenue.
- Bitcoin Whipsaws as Crypto Liquidations Near $1 Billion
Bitcoin fell 2.6% and dipped below $80,000 for the first time in over a month after hotter-than-expected CPI and PPI data revived bets on another Fed rate hike. Crypto liquidations totaled $948.22 million across 177,440 traders in 24 hours, with long positions making up 90.6%, according to CoinGlass. Bitcoin now trades near $82,000, roughly 2% below the $82,300 average cost of U.S. spot ETF holders, putting those buyers back underwater. Analyst Iliya Kalchev of Nexo sees the selloff as a broad exit from risk rather than a Fed story, with stocks and copper falling while gold rose. Key levels to watch are $81,603, $80,286 and $78,002, and Kalchev says a recovery needs ETF flows to turn consistently positive after $681 million of outflows last week.
- Bitcoin Shakes Off Spooky Season Jitters: Can Bulls Keep It Going?
Bitcoin rose 2.24% to $83,591.79 after dipping to $80,953.41 early Tuesday, while the Crypto Fear and Greed Index cooled from an “extreme greed” reading of 82 on Aug. 26 to a neutral level. Bitcoin ETFs have seen net outflows of $386.3 million in October as traders await Wednesday's CPI report, expected to show annual inflation rising to 3.6% from 3.4%, and the Federal Reserve's meeting on Oct. 27-28. On Myriad, traders put the odds at 54% that Bitcoin falls to $80,000 this month and 45% that it reaches $87,500. Technically, the price has reclaimed the golden zone between $81,847.57 and $82,305.50, but the ADX has eased from 42.8 to 29.9, suggesting the uptrend is coasting rather than accelerating. A daily close above $84,245.88 could open $86,644.19, while a close below $81,603.02 would bring the upper edge of the daily trend band, just above $80,000, into play.
Related markets
Latest news
- Good News for Tesla Investors: 3 Key Benchmarks Elon Musk's Company Delivered On in the Third Quarter
Tesla's third-quarter earnings report and call met three benchmarks investors had been watching: automotive gross margin, funding of capital spending, and Robotaxi rollout. Automotive gross margin (excluding regulatory credit sales) recovered to 18.3% from 16.3% in Q2, and global vehicle inventories fell to 11 days from 27 days at the end of Q1, while Musk said demand was exceeding production by a significant margin. CFO Vaibhav Taneja lowered full-year capex guidance to approximately $20 billion, after earlier forecasts had risen above $25 billion, easing concerns about self-funding despite $30 billion in credit lined up. On Robotaxi and Cybercab, AI head Ashok Elluswamy said the bottlenecks are largely technology-driven and that the FSD v15 release could come around Q1 or Q2. The author argues the rollout is in line with management's outlook and that investors have reason to feel more positive.
- Where Will Neurocrine Biosciences Be in 5 Years?
Neurocrine reported Q2 2026 revenue of $959 million, up 39% year over year. Flagship Ingrezza sales rose 15% to $716 million, and management raised its full-year 2026 Ingrezza forecast to between $2.825 billion and $2.875 billion. Crenessity sales reached $184 million, up 247%, while Vykat XR, acquired from Soleno Therapeutics for about $2.9 billion, generated about $94 million in Q2; together the two drugs already run at more than $1 billion annualized. Late-stage trials for depression and schizophrenia candidates are expected to produce results in 2027. The author expects revenue above $6 billion by 2031, but says the stock's path will depend on newer drugs and how much investors are willing to pay for earnings.
- Is Spotify Technology SA a Buy After Its Latest Earnings Report?
Spotify reported quarterly revenue of nearly 5 billion euros ($5.6 billion), up 16% year over year, with premium revenue rising 17% to nearly 4.5 billion euros. Monthly active users grew 11% to 788 million and premium subscribers rose 9% to 306 million. Attributable net income fell to 518 million euros ($580 million) from 899 million euros a year earlier, though the article notes the prior-year result was boosted by large finance income and a 72 million euro ($81 million) tax benefit. Operating income reached 672 million euros ($753 million), above guidance, gross margin hit a record 33%, and free cash flow was 735 million euros ($823 million). For the fourth quarter, management guided to revenue of about 5.2 billion euros ($5.8 billion) and operating income of 820 million euros ($919 million), while the author views the high valuation (forward P/E near 52) as justified by the company's strengthening position.
- RBI does not target any price or level for rupee , says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra, speaking at the NDTV World Summit 2026 in New Delhi, said the central bank does not target any price or level for the rupee but will curb speculation and excessive volatility to keep forex markets orderly. He said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made central banking more challenging, with global inflation elevated and the IMF projecting global growth of 3.1% this year. Most economies have raised policy rates to fight inflation, except a few, including Japan and Sweden, where inflation remains relatively low. In India, inflation has risen steadily since February, largely due to supply-side pressures, reaching 5.5%, and the RBI has raised its policy repo rate by 25 basis points. Malhotra stressed that price stability is the top goal, alongside financial stability.
- Iran News in Brief – October 25 , 2026
The Iran News in Brief digest reports that PMOI/MEK resistance units held weekly activities in Zahedan on October 23, 2026, displaying placards that rejected both clerical rule and a return of the monarchy. It also reports that Seyed Aqil Hashemi, founder of Kalemeh Network, said in an October 8, 2026 statement that pressure to promote Reza Pahlavi led to a human rights program on executions being blocked, and he named Abdol Fattah Khedmati. Following remarks by President Masoud Pezeshkian on fuel smuggling, oil and energy expert Hassan Moradi argued that routes used to transport petroleum products also need close surveillance, not just violations at fuel stations. On inflation, the overall rate for September 2026 was 4.24%, compared with 6.28% for the first income decile and 7.52% for the tenth, showing that lower-income households bear a heavier burden.
- The Latest Bond Thriller
This book review traces Robin Wigglesworth's history of the bond market from the Middle Ages to today, covering its innovations toward efficiency and liquidity as well as its crashes. Bonds are conventionally defined as publicly traded debt with a maturity of at least two years, and the US Treasury market underpins world finance while carrying hazards from rising leverage. From Venetian and Dutch bonds to financing canals and railroads in the 19th century, bonds issued by representative governments were associated with stable currencies, lower interest rates and expanded credit. Many figures in the book meet poor ends, while freer credit markets after World War II nurtured eccentric innovators such as Lew Ranieri and Michael Milken.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.