Theme Bitcoin (BTC)

Bitcoin enters November under pressure after losing more than 3.5% since the beginning of October. Outflows recorded by ETFs, the rise of the risk of US rate hikes, and the surge in oil prices constitute its three main tests.

The cryptocurrency market is going through a challenging period, between persistent inflation, geopolitical tensions, and uncertainties about U.S. rates. In its weekly analysis, Coinbase highlights a significant shift in demand sources, as traditional buyers lose influence. U.S. spot exchange-traded funds now play a central role in supporting bitcoin. However, several indicators show that this demand remains fragile and that the price could retest lower levels.

Bitcoin plunged to $79,220 on Binance this Saturday, October 24, before rebounding around $80,200. New threats from Donald Trump against Iran and the evacuation of American personnel in the Middle East accompanied this drop. The crypto market recorded about $841 million in liquidations over 24 hours, including $697 million in long positions. Bitcoin also remains below its 50-day moving average.

Bitcoin dropped below 80000 dollars this Saturday, dragging the rest of the crypto market down with it. Geopolitical concerns in the Middle East accelerated a movement already driven by liquidations, the retreat of institutional investors, and weak liquidity during the weekend.

Predictive contracts linked to cryptos generated a weekly record volume of 2.7 billion dollars on Kalshi and Polymarket. Very short-term bets on the bitcoin price concentrate most of this activity, now surpassing that of all categories except sports.

Artificial intelligence opens up new possibilities, but it also raises questions about the security of cryptocurrencies. Billionaire investor Chamath Palihapitiya believes an AI-related cyberattack could one day compromise bitcoin and erase its value. This prediction renews the debate on the resilience of its cryptographic system against new technologies. At the same time, the investor explains why he now favors ETFs to gain market exposure without directly holding digital tokens.

Thursday, October 22, American bitcoin ETFs experienced $635.49 million in net outflows, their heaviest single-day loss since June 25. BlackRock and Fidelity account for nearly three-quarters of the withdrawals. In one day, this movement erased nearly 60% of the inflows recorded over the previous three sessions.

Gold falls below $4,000 as markets suffer a wave of selling that affects several precious metals. On Thursday, losses accelerated in a context marked by rising oil prices and inflation fears. Even with bond yields declining, this safe haven did not attract investors. This drop raises questions about the strength of the upward trend and occurs as Peter Brandt directly challenges Peter Schiff.

Benjamin Cowen observes that several bitcoin rebounds have lost momentum around the 21st of each month since August. The analyst now envisions a new low in mid-November, but this pattern is based on few observations and does not constitute a statistical rule.

Bitcoin Core changes its way of handling certain vulnerabilities because of artificial intelligence. Developers now acknowledge that a bug can be so easy to find that a simple prompt sent to an AI model is sometimes enough. In this case, keeping the flaw secret for several months no longer really protects users. Bitcoin Core prefers to fix faster and publish the security notice at the same time. No new critical Bitcoin bug is announced. It is the defense policy that evolves.

Spot Bitcoin ETFs in the US find buyers after several weeks of capital outflows. In three sessions, they attracted 1.07 billion dollars, thereby erasing losses recorded since early October. However, this investment recovery is not enough to support prices. The market remains under pressure as investors watch the upcoming Federal Reserve moves. This discrepancy raises questions about the strength of the current rebound.

The computing power of the Bitcoin network has reached the threshold of 1 zettahash per second, its highest level in nearly seven months. This rebound strengthens the protocol's security, but it also signals a new increase in difficulty that could reduce the revenues of less competitive mining companies.

Bitcoin approaches a decisive threshold as markets await new American inflation indicators. After several positive sessions, inflows into spot ETFs have sharply slowed, reducing support for prices. On Friday, PMI indices and household inflation forecasts could change investor expectations before the next Federal Reserve meeting. Maintaining the 80,000 dollar level will therefore also depend on these economic signals.

A study published by the Bank for International Settlements estimates that Bitcoin does not have the necessary architecture to become an everyday currency. Michael Saylor reaches a similar conclusion but advocates a different solution: keep BTC as capital and build credit products on top of this asset.

The cryptocurrency market is recovering after several difficult sessions. On Wednesday, Bitcoin reached a two-week high, triggering a strong rise in Strive and Strategy stocks. Both companies, which hold significant cryptocurrency reserves, directly benefit from this recovery. However, their performances also depend on their financing choices, recent purchases, and uncertainties related to stock indices. This dynamic occurs in a context still marked by several risks.

US spot Bitcoin ETFs have just attracted nearly 550 million dollars in two sessions. After 526.6 million dollars on Monday, the funds added 23.16 million on Tuesday. The turnaround is quick: they had lost about 228.6 million the previous week. Meanwhile, Ether ETFs remain in the red with 129.41 million dollars of outflows since Monday.

The cryptocurrency market faces a significant obstacle, as several groups of investors seek to recover their purchase price. According to Glassnode, this situation is currently slowing Bitcoin's progress to around $87,700. Holders who entered the market recently exert selling pressure when prices reach their breakeven threshold. Meanwhile, on-chain data reveal several support levels likely to influence the market's next movement.

Tesla and SpaceX are officially studying a possible merger. Elon Musk confirmed that the two companies have formed special committees of independent directors to examine the operation. No deal has been finalized yet. For Bitcoin, the merger would have an immediate paper effect: the two groups together hold 30,221 BTC, with 18,712 bitcoins at SpaceX and 11,509 at Tesla.

Wintermute considers bitcoin as the main defensive asset of the crypto market in the face of altcoin decline and macroeconomic nervousness. However, this qualification remains relative: BTC has also fallen and is not a risk-free investment.

For more than ten years, 6,000 bitcoins linked to an Irish drug dealer seemed partly lost forever. Yet, on October 20, a new transaction reignited attention around this forgotten fortune. A wallet associated with Clifton Collins transferred 500 BTC, about 41.52 million dollars, to Coinbase Prime. This operation is part of a series of movements that raise questions about the fate of the funds and the missing private keys.

Leverage traders continue to bet on a bitcoin rebound despite weak spot purchases. This divergence could amplify a new drop below 80000 dollars, as many long positions would then be exposed to forced liquidations.

Switzerland takes a new step in accessing cryptocurrency investments. On October 20, 2026, the Swiss Financial Market Supervisory Authority (FINMA) approved the country's first exchange-traded fund (ETF) aimed at individuals and investing directly in bitcoin. This decision responds to growing interest in digital assets. However, the regulator announced no launch date, leaving several questions open about the availability of this new financial product.

JPMorgan Asset Management incorporates bitcoin for the first time into its long-term market forecasts. In its 2027 report, the bank estimates a compound return of 10% per year over the next 10 to 15 years. This is more than the 7.5% expected for large U.S. stocks and 5.5% for gold. The counterpart is clear. JPMorgan estimates bitcoin's annual volatility at 55%.

On October 19, BlackRock's IBIT fund attracted 665.16 million dollars while the entire American spot bitcoin ETF market only received 526.6 million. The two biggest rivals alone lost the equivalent of the gap. Demand is not returning, it is concentrating.

Mt. Gox grants an additional year to its endless reimbursement process. Nobuaki Kobayashi, administrator in charge of rehabilitating the former crypto exchange, postponed the deadline from October 31, 2026 to October 31, 2027, with the court's authorization. This is the fourth consecutive annual extension since 2023. A significant portion of creditors has already been paid. Many are still waiting.

Strive bought 4,045 bitcoins between October 12 and 16, 2026, for approximately 335 million dollars. Its reserve reaches 36,818 BTC, but the increase in the number of shares limits the gain in bitcoins per common share.

Bitcoin rebounded on Monday after hitting $80,595 on Sunday, but its recovery quickly lost strength. The price briefly exceeded $83,000 before falling back below $82,000. This movement comes as investors monitor capital outflows from US ETFs and the lack of new buyers. Despite the sales slowdown, several indicators highlight a still fragile market, while operators remain cautious about downside risks.

Can bitcoin reach 100000 dollars before the end of 2026? Bitwise considers this scenario still possible thanks to institutional demand, while LO forecasts a price between 85000 and 95000 dollars in the face of the return of inflation and rate hike risks.