Bitcoin is down nearly 4% since the start of October, while Ethereum, XRP and Solana have each fallen more than 10%, with XRP the steepest at 12.3%. The article attributes the decline mainly to three factors: forced liquidations of $974 million on October 8, CPI inflation of 3.7% year-over-year in September, and nearly $1 billion in spot Bitcoin ETF outflows. BTC traded at $81,497 on October 17, versus $84,856 on October 1. If Bitcoin closes below $84,856 on October 31, it 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 aol.com ↗
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 10/16/2026 | 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.
Related news
- 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.
- US Bitcoin ETFs draw $527M in biggest showing since September
US spot Bitcoin ETFs recorded $526.7 million in net inflows on Monday, their largest daily intake in nearly a month and the strongest since Sept. 22, after two weeks of net weekly withdrawals. BlackRock's IBIT led with $665.2 million in inflows, offsetting $83.6 million in withdrawals from Fidelity's FBTC and $54.9 million from Grayscale's GBTC, while other funds recorded no net flows. Despite the rebound, spot Bitcoin ETFs remain about $88 million negative for October. Spot Ether ETFs saw $103.3 million in net outflows on Monday, led by $95.4 million from BlackRock's ETHA, marking their third consecutive week of net withdrawals.
- U . S . Spot Bitcoin ETFs Lost About $910 Million in Two Weeks as October Flows Turned Negative :
U.S. spot bitcoin ETFs posted net outflows of $228.6 million in the week ended October 16, following a $681.1 million drain the week before, bringing two-week redemptions to roughly $910 million. October has turned negative, with the funds down about $615 million for the month after opening with roughly $293 million in inflows. Wednesday's selling coincided with a September CPI reading of 3.7%, above the 3.6% forecast, which revived bets on further Federal Reserve rate increases. Bitcoin briefly fell below $80,000, nearly $950 million in leveraged crypto positions were liquidated over 24 hours, and the asset closed Friday near $81,590. Even so, cumulative net inflows since the January 2024 launch remain $57.3 billion, with total net assets of about $104 billion.
- Morning Minute: Crypto Rebounds as 'Black Monday' Looms
Bitcoin is at $82,161, down 1.4% on the week and up about 1% over the last 30 days, while most other major cryptocurrencies fell harder: Ethereum dropped 5.3% to $2,415, Solana 6.2%, XRP 7.2%, Dogecoin 9.4%, and majors outside Bitcoin averaged a 7.5% decline. Smaller tokens fell further, with Starknet down 45% and LayerZero down 24%, and the top weekly losers averaged losses above 20%. Spot Bitcoin ETFs recorded $228.4 million in net outflows for the week and Ethereum ETFs $320.1 million, bringing combined October outflows to $1.86 billion. The article notes that unlike equities, crypto has no circuit breakers to halt selling, but the current slide is a slow, orderly bleed rather than a cascade.
- Bitcoin, Ether ETFs shed $549M as October ETH outflows near $1B
According to SoSoValue data, US spot Bitcoin and Ether ETFs recorded net outflows of $549 million last week, with Bitcoin ETFs losing $229 million and Ether funds $320 million. It was a second straight weekly outflow for Bitcoin ETFs and a third for Ether funds, though the pace slowed from the previous week's $1.22 billion. Spot Ether ETFs have seen roughly $955 million in net outflows in October so far, more than in any other month this year. Ether fell 5% over seven days to about $2,433 and Bitcoin dipped 1.3% to $82,783, per CoinGecko. Even so, both fund groups remain positive for 2026 year-to-date, with Bitcoin ETFs at about $259 million and Ether ETFs at about $610 million in net inflows.
- Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red
U.S. spot Bitcoin ETFs recorded net outflows of $228.6 million this week, following $681.1 million the week before, according to SoSoValue. Outflows exceeded inflows on three of five trading days, with Wednesday's $261.4 million redemption the worst session, coinciding with a hotter-than-expected September CPI reading of 3.7%. A hot producer price figure followed, reviving bets on further Federal Reserve rate hikes, and Bitcoin briefly fell below $80,000 as nearly $950 million in leveraged crypto positions were liquidated. Nexo analyst Iliya Kalchev said the drop pushed Bitcoin below the average ETF holder's cost basis near $82,300. The funds are down about $615 million for October, though cumulative net inflows since launch remain $57.3 billion.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
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.