Weekly Cryptocurrency Market Review from Fixygen
Ринки 31.10.2026 23:09
The global cryptocurrency market is closing out 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 market faced the most significant pressure on October 29–30.
According to CoinMarketCap’s historical data for October 30, Bitcoin’s price stood at $77,198, down 4.78% over seven days. Ethereum fell 6% to $2,241. Meanwhile, BNB lost 4.8% and traded 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 performance based on CoinMarketCap historical data 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 by October 29. During trading on October 30, prices 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, at approximately 8:05 p.m. UTC on October 29, 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 collaborating 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 affected digital assets.
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 regarding the security of centralized cryptocurrency platforms. The timeline for restoring withdrawals, the possibility of recovering stolen assets, and the publication of the exchange’s verified reserves took on additional 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 an outflow.
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 by BlackRock’s iShares Bitcoin Trust ($233.7 million), the Fidelity Wise Origin Bitcoin Fund ($201 million), and the ARK 21Shares Bitcoin ETF ($129.5 million).
Ethereum funds showed negative flows on all five trading days. The most significant weekly outflow was seen 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 faced both 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, but inflation remains elevated. Two committee members advocated for a rate hike of 0.25 percentage points.
The continuation of relatively tight monetary conditions limits the appeal of speculative assets, a category in which investors still include cryptocurrencies.
At the end of the week, the situation was further complicated by a downturn in the technology sector. Investors reacted negatively to certain corporate earnings reports and the capital expenditure outlook for major technology 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 about $205 million came from long positions.
The market capitalization of the largest cryptocurrencies declined, while stablecoins maintained significant volume
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 that have fallen significantly in value. At the same time, a major 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 freeze Bitcoin itself in a similar manner 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 dynamics but, above all, on the ability of the cryptocurrency infrastructure to restore market participants’ confidence.
