Business · Markets · 1 hr ago
Bitcoin falls below $80,000 as investors pull money from funds
Bitcoin fell below $80,000 at the start of the week, briefly dropping below $79,300 before recovering some ground.
The world’s largest cryptocurrency was under pressure alongside Ether, XRP and Solana.
Investors withdrew $772.4 million from US funds that invest directly in bitcoin on Thursday and Friday, reversing more than $1 billion in net inflows earlier in the week.
The drop came amid broader market concerns about the huge sums companies are spending on artificial intelligence and whether those investments will pay off.
Those concerns have weighed on riskier assets, including technology shares in South Korea and Japan.
Investors are now watching the US Federal Reserve meeting and this week’s earnings reports from major technology companies for clues about the outlook.
US midterm elections are also on the market’s radar after the Fed meeting.
Bitcoin fell below $80,000 on Monday as investors pulled money from US spot Bitcoin exchange-traded funds.
The cryptocurrency dropped as much as 1.4%, below $79,300, before recovering some losses and trading near $80,000 in Asian afternoon hours.
Investors withdrew $772.4 million from the funds on Thursday and Friday, reversing net inflows of more than $1 billion earlier in the week.
The declines came amid broader market unease over heavy artificial-intelligence spending and ahead of a Federal Reserve meeting.
Ether, XRP and Solana also fell.
- Who
- Bitcoin investors and traders. Investors withdrew money from US spot Bitcoin ETFs.
- What
- Bitcoin fell below $80,000, while other major cryptocurrencies also declined.
- When
- Monday, October 26, 2026; ETF withdrawals took place on Thursday and Friday.
- Where
- Cryptocurrency markets; the reported ETF withdrawals were from US-listed spot Bitcoin funds.
- Why
- Investors were concerned about risk, heavy artificial-intelligence spending and the outlook for technology companies, ahead of a Federal Reserve meeting.
This story does not have two clearly opposing sides.
Net inflows into US spot Bitcoin ETFs exceeded $1 billion.
Investors withdrew $772.4 million from US spot Bitcoin ETFs.
Bitcoin fell below $80,000 and dropped as much as 1.4%, before recovering some losses.
- Bitcoin low
- Below $79,300
- Maximum decline
- 1.4%
- ETF withdrawals
- $772.4 million on Thursday and Friday
- Earlier ETF inflows
- More than $1 billion net
- Other declining cryptocurrencies
- Ether, XRP and Solana
3 sources
What people are saying
Bitcoin has so far shown relative resilience to concerns about AI-related debt, which are weighing on all risky assets.
The market's focus is now on the Fed meeting, followed by the US midterm elections.
Bitcoin is still classified as an asset that is negatively affected by risk aversion among many systematic investment funds and algorithmic traders, making it vulnerable to deteriorating investor sentiment.