Bitcoin came within about $150 of $85,000 before sellers pushed it lower, and as of the morning of October 24 it traded at $80,530, down 3.5% in October. It sits below its 50-day average of $81,776 and 20-day average of $82,826, and must clear the October open of $83,556 and the week's high of $84,856. Spot Bitcoin ETFs posted net outflows of $635.6 million on October 22, though they recorded inflows of $526.6 million and $528.4 million on October 19 and 21. Rising oil prices, with WTI at $108 a barrel amid Middle East conflict concerns, and weak tech stocks are weighing on Bitcoin, although the 10-year Treasury yield fell to 4.96%. The author says Bitcoin could exceed $85,000 at some point in November but is unlikely to hold that level through month-end unless ETF inflows turn consistently positive after the November 3 midterm elections.
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bitcoinETFoil pricesbondsmidterm elections
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/23/2026 | 81,189.43 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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