Bitcoin is down nearly 4% so far in October, though it had posted gains in seven of the last nine Octobers. Ethereum, XRP and Solana have each dropped more than 10% since October 1, with XRP falling 12.3%. The decline is linked to $974 million in forced liquidations on October 8, a 3.7% year-over-year CPI reading, and ETF outflows that cut cumulative net inflows from about $57.6 billion to $56.96 billion by October 15. With a Federal Reserve meeting on October 28 and futures pricing a 47% chance of another rate hike as of October 14, the article notes that a close below $84,856 on October 31 would mark back-to-back red Octobers for the first time since at least 2017.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Is Uptober Over for BTC ? Bitcoin Is Down Nearly 4 % So Far This October .
Read the original on 247wallst.com ↗
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bitcoincryptoFedinterest ratescapital flows
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/16/2026 | 81,615.64 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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