According to Fixygen, the global cryptocurrency market is ending the last week of October 2026 with a decline in major digital assets amid renewed capital outflows from cryptocurrency exchange-traded funds (ETFs). Bitcoin fell below $78,000, Ethereum traded near $2,250, and the most significant pressure on the market occurred on October 29–30.
According to CoinMarketCap’s historical data for October 30, the price of Bitcoin stood at $77,198, down 4.78% over seven days. Ethereum fell 6% to $2,241. Meanwhile, BNB lost 4.8% and traded at around $703.
CoinMarketCap+1
Bitcoin
$77,198
−4.78% / 7 days
Ethereum
$2,241
−6.00% / 7 days
BNB
$703
−4.80% / 7 days
Price and weekly trends based on historical data from CoinMarketCap as of October 30, 2026.
Bitcoin’s price remained relatively stable at the start of the week. After closing at around $80,000 on October 25, the price rose to $81,250 on October 28, but fell to approximately $77,800 on October 29. During trading on October 30, the price dropped to $76,200, according to OpenBitcoin data.
The most significant drop occurred in the second half of the week, when buyers were unable to keep Bitcoin above $80,000. Ethereum’s decline was even more pronounced, indicating increased pressure not only on the leading cryptocurrency but also on the market for alternative digital assets.
One of the biggest factors putting pressure on the cryptocurrency market was a large-scale cyberattack on Binance. According to the exchange’s official statement on October 30, on October 29 at approximately 8:05 p.m. UTC, attackers gained access to the platform’s hot wallets and withdrew digital assets worth approximately $6.3 billion.
The attack affected various cryptocurrencies, including Bitcoin, Ethereum, BNB, USDT, and USDC. The exchange temporarily suspended withdrawals and began cooperating with law enforcement agencies, blockchain analytics firms, and token issuers.
As of the evening of October 30, Binance reported that it had frozen approximately $3 billion in stolen assets. The company also announced that it had allocated more than $6.34 billion of its own funds to cover the consequences of the attack, including $5 billion in the form of digital assets that had been lost.
Binance management promised to compensate users for their losses using corporate reserves and the SAFU user protection fund. Meanwhile, the investigation into the attack’s mechanism continued. The initial theory that an employee’s work computer had been compromised was supplemented with information about other possible points of entry.
The scale of the incident heightened investors’ concerns about the security of centralized cryptocurrency platforms. The timeline for resuming withdrawals, the possibility of recovering the stolen assets, and the publication of the exchange’s verified reserves took on added significance for the market.
A second key factor behind the market decline was a shift in capital flows into U.S. spot cryptocurrency ETFs.
According to statistics from Farside Investors, during the trading week of October 26–30, net outflows from Bitcoin ETFs totaled approximately $202.4 million, while Ethereum funds lost $431.4 million. The combined outflow from these two categories reached approximately $633.8 million.
Millions of dollars, October 26–30, 2026. Negative values indicate outflows.
However, the performance of the funds was mixed. From October 26 to 29, Bitcoin ETFs attracted a total of approximately $440.8 million. However, on October 30, investors withdrew $643.2 million from them, completely offsetting the inflows of the previous four days.
The largest outflows during the week’s final trading session were recorded in BlackRock’s iShares Bitcoin Trust ($233.7 million), Fidelity’s Wise Origin Bitcoin Fund ($201 million), and ARK’s 21Shares Bitcoin ETF ($129.5 million).
Ethereum funds showed negative flows on all five trading days. The most notable weekly outflow occurred in BlackRock’s products.
This trend indicates that institutional demand in late October was unable to offset investors’ growing caution. Ethereum proved particularly vulnerable, as it simultaneously faced falling prices and sustained capital outflows from ETFs.
An additional source of uncertainty was the U.S. Federal Reserve’s decision on October 28 to keep the benchmark interest rate in the 3.75–4% range.
According to the official statement from the Federal Open Market Committee (FOMC), the U.S. economy continues to grow at a strong pace, though inflation remains elevated. Two committee members advocated for a rate hike of 0.25 percentage points.
The maintenance of relatively tight monetary conditions limits the appeal of speculative assets, which investors continue to classify as including cryptocurrencies.
At the end of the week, the situation was further complicated by a downturn in the tech sector. Investors reacted negatively to certain corporate earnings reports and the capital expenditure outlook for major tech companies.
As CoinDesk noted on October 29, the decline in tech stocks was accompanied by massive position liquidations in the cryptocurrency market. Over the course of a day, the volume of liquidations on cryptocurrency futures reached $356 million, of which approximately $205 million came from long positions.
The market capitalization of the largest cryptocurrencies declined, while stablecoins maintained significant market capitalization
According to CoinMarketCap data as of October 30, Bitcoin’s market capitalization stood at approximately $1.55 trillion, Ethereum’s at $273.8 billion, and BNB’s at $92.5 billion.
The market capitalization of the largest stablecoin, USDT, stood at $179.9 billion. Its price remained close to $1, which distinguishes the performance of dollar-pegged stablecoins from that of crypto assets, which have fallen significantly in value. At the same time, a large-scale cyberattack on Binance once again drew attention to the role of stablecoin issuers in freezing stolen tokens.
According to a Reuters investigation on October 30, coordination between cryptocurrency companies and token issuers made it possible to quickly freeze a significant portion of the stolen funds. However, the ability to similarly freeze Bitcoin itself remains significantly limited.
Thus, the last week of October brought a combination of several negative factors for the cryptocurrency market: a large-scale hack of a major exchange, an outflow of institutional capital, the Fed’s relatively tight monetary policy, and a decline in investor risk appetite.
The prospects for a recovery in early November will depend not only on technical price movements but, above all, on the ability of the cryptocurrency infrastructure to restore market participants’ confidence.
https://www.fixygen.ua/news/20261031/tizhneviy-oglyad-rinku-kriptovalyut-vid-fixygen.html
Binance, BITCOIN, CRYPTOCURRENCY, ETF, Ethereum, INVESTMENTS
