Business · Markets · 1 day ago
Bitcoin ends three-week rise as selling pressure weighs on crypto market
Bitcoin’s three-week run of gains has ended, and it was trading near $82,590 after falling during the week.
Higher US bond yields and expectations of possible interest-rate increases made investors less willing to take risks.
Spot Bitcoin funds were also expected to record more than $700 million in weekly withdrawals.
The pressure spread to other major cryptocurrencies, including Ethereum, which lost more than 8% over the week.
Bitcoin was trading at $82,590 after selling pressure ended a three-week run of weekly gains.
Rising US Treasury yields and expectations that the Federal Reserve could raise interest rates again by year-end weighed on demand for riskier assets.
Weekly net outflows from spot Bitcoin exchange-traded funds were expected to exceed $700 million, which would be the funds’ first weekly net outflow in four weeks.
Profit-taking after a strong third quarter and higher oil prices linked to developments in the Middle East added to pressure on the crypto market.
Ethereum was trading at $2,478 and had lost more than 8% over the week, while BNB fell more than 7% and XRP rose 0.6%.
- Who
- Bitcoin and other cryptocurrency markets, including Ethereum, BNB and XRP
- What
- Bitcoin faced selling pressure and was set to end the week lower after three weeks of gains.
- When
- The week covered by the report published on October 10, 2026
- Where
- Global cryptocurrency markets; the report cites US financial conditions and Middle East developments
- Why
- Rising US Treasury yields, interest-rate expectations, profit-taking, Bitcoin ETF outflows and higher oil prices
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Bitcoin price
- $82,590 in the latest trading cited
- Spot Bitcoin ETF flows
- Weekly net outflows were expected to exceed $700 million
- Ethereum price and weekly change
- $2,478 and a weekly loss of more than 8%
- BNB weekly change
- A loss of more than 7%
- XRP weekly change
- A gain of 0.6%
Sources
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