BlackRock's Bitcoin ETF Just Had Its Biggest Day in a Year. So Why Is Crypto Still Falling?
- On Thursday, Bitcoin fell below $82,000 as renewed Iran conflict headlines pressured risk assets and sparked a broader market selloff.
- Analysts at Bitfinex Alpha forecast Bitcoin trading in a narrow range between $81,300 and $84,400 until the Federal Reserve meeting on October 28, with macro headwinds risking a move toward the October 15 low of $79,821.
- Farside Investors data shows Bitcoin ETFs attracted $526.7 million in net inflows on October 19, followed by $23.2 million on October 20 and $524.8 million on October 21.
- President Donald Trump stated the U.S. is "not negotiating" with Iran, fueling geopolitical tensions that sent the Nasdaq Composite Index down 2.3% and pushed the 10-year bond yield toward 5%.
- Traders discount major price recovery odds before mid-January 2027, with Kalshi participants assigning just 3% probability to new all-time highs as market participants await the November 3 midterm elections.
35 Articles
35 Articles
Bitcoin prices fell by more than 3% in a single day, dropping to the $81,000 level. Analysts attribute this to weakness in U.S. tech stocks dampening investor sentiment toward risky assets like cryptocurrencies. As of 8:50 AM on the 23rd, Bitcoin was trading at $81,303 on CoinMarketCap, a global cryptocurrency market data site, down 3.30% from 24 hours ago. During the same period, Solana fell 3.06%.
Bitcoin ETFs add $470M in Lookonchain tally as Ether figures diverge
U.S. spot Bitcoin ETFs have attracted $470.15 million in net inflows in Lookonchain’s Oct. 22 update, while its reported Ether withdrawals have differed from Farside Investors’ latest completed session. Lookonchain’s supplied update lists 5,766 BTC entering Bitcoin funds over one…
BlackRock's Bitcoin ETF Just Had Its Biggest Day in a Year. So Why Is Crypto Still Falling?
BlackRock's Bitcoin ETF just pulled in its biggest single-day haul in over a year, yet crypto prices kept sliding anyway. The reason why reveals a fault line running beneath the surface of the entire market.
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