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Bitcoin and ether fall for the week
Bitcoin and ether declined over the past week as investors pulled money from U.S. exchange-traded funds and broader financial markets faced pressure from interest rates and rising oil prices.
Bitcoin traded at $82,519 as of 9:30 a.m. Oct. 10 in South Korea, down 2.4% from a week earlier, according to public CoinGecko data. Ether, the cryptocurrency of the Ethereum network, fell 6.8% to $2,488. Both posted modest gains over the previous 24 hours.
Bitcoin's market value stood at $1.66 trillion, while ether's was $303.8 billion. The total cryptocurrency market was valued at $2.8 trillion, down 1.8% over 24 hours, with bitcoin accounting for 59.1% of the market.
Blockchain analytics firm Glassnode said bitcoin had briefly moved above a selling zone near $85,000 before retreating amid low trading volume and limited new capital. On-chain data also indicated that large holders had added more than 14,000 bitcoin since Oct. 1.
U.S. crypto funds record heavy withdrawals
U.S. spot bitcoin ETFs recorded $484.9 million in net outflows Oct. 7, the largest one-day withdrawal since June 25, according to data compiled by Farside Investors. Another $244.1 million left the funds Oct. 9. BlackRock's iShares Bitcoin Trust accounted for an outflow of about 2,430 bitcoin on Oct. 7.
Spot ether ETFs posted $72.5 million in net outflows Oct. 9, extending their withdrawal streak to eight trading days. About $641.3 million left the funds from Sept. 29 through Oct. 9.
Through Oct. 9, October net outflows totaled $407.4 million for bitcoin ETFs and $578.9 million for ether ETFs, or a combined $986.3 million. In the week that ended in early October, bitcoin funds had attracted $241.09 million while ether funds lost $138.02 million, according to SoSoValue figures cited in industry reports.
Rates, oil and liquidations pressure traders
Minutes released Oct. 7 from a Federal Reserve meeting showed that most participants expected another interest-rate increase before the end of the year would be appropriate. The yield on the 10-year U.S. Treasury was near 5.3% during the week.
Brent crude futures rose as high as $105.21 a barrel amid continuing tensions between the United States and Iran and reports of at least nine attacks in the Strait of Hormuz during October.
About $1.16 billion in cryptocurrency positions were liquidated during the 24 hours around Oct. 8, with long positions — bets that prices would rise — accounting for more than 90% of the total. Ether liquidations reached $293.8 million, while bitcoin liquidations totaled $269.7 million. A separate weekly report estimated roughly $548 million in forced liquidations Oct. 7.
U.S. regulators propose crypto exchange rules
The Commodity Futures Trading Commission released two draft rules, Regulation CTX and Regulation CAM, on Oct. 5. They are the agency's first proposed regulations designed specifically for digital-asset exchanges.
The drafts followed a joint interpretation from the CFTC and Securities and Exchange Commission that bitcoin and ether are not securities and fall under CFTC jurisdiction. They also came after the Clarity Act failed on a 49-50 Senate vote, short of the 60 votes needed to end debate.
Solana upgrade targets faster transactions
Solana fell 7.9% for the week to $109. Institutional inflows tied to the cryptocurrency dropped to $800,000 in the previous week from $188.1 million a week earlier.
The Solana network completed the final stage of a block-time improvement Oct. 9, reducing its slot time to 200 milliseconds from 250 milliseconds. A separate consensus upgrade known as Alpenglow aims to cut transaction finality from about 12.8 seconds to roughly 150 milliseconds. It remains in testing, and no date has been set for its deployment on Solana's main network.
Securitize also introduced tokenized versions of shares in Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta and Amazon on Solana on Oct. 8. The products are backed one-for-one by stock held in regulated Securitize Markets brokerage accounts, with transactions settled in the USDC stablecoin. The total on-chain value of tokenized stocks across the industry has surpassed $3 billion.
Other major cryptocurrencies decline
XRP fell 5.8% over seven days to $1.40, while BNB declined 3.2% to $743. Avalanche dropped 3.6% for the week to $10.37, although it gained 3.4% over the previous 24 hours.
CME Group's Emerging Crypto Index, developed with CF Benchmarks and introduced Aug. 31, tracks 10 cryptocurrencies, including Solana and Avalanche, while excluding bitcoin and ether. No futures contracts based on the index have been introduced.
The market figures were recorded Oct. 10, 2026, in South Korea. Cryptocurrency prices are highly volatile, and the data represents market conditions at the time it was collected rather than investment advice.
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