Top Story
Bitcoin slipped below $80,000 over the weekend as traders cut risk ahead of the Federal Reserve's Wednesday meeting, according to CoinDesk. Bloomberg headlined the drop as a deepening AI-related market selloff, per Stingray.
Spot Bitcoin ETFs lost $773.5M over 22-23 October. The 22 October outflow of $635.5M was the largest single-day outflow since June. Ethereum ETFs recorded $224.96M in net outflows for 19-23 October, their fourth straight week of redemptions.
Liquidations on Binance, Bybit and OKX totaled $54.32M over 24 hours, and longs took 75.2% of the Bitcoin losses. Bitcoin open interest rose 1.92% over seven days to $53.72B, while Ethereum open interest fell 5.13% to $29.39B. The Fear & Greed Index read 51, neutral.
Markets now turn to the Fed decision on Wednesday, 28 October. PCE inflation data is also due this week.
Major Price Moves
Market Overview
Bitcoin traded at $80,114.45, down 0.62% in 24 hours, on $18.96B volume. Ethereum traded at $2,318.71, down 1.14%, on $13.42B volume.
Top 10 Gainers
Searches found no confirmed cause for the largest gains. The ASTRO figure appears only in a CoinStats snapshot, and no source confirmed a catalyst for DOOD or FANC.
- ASTRO (astronaut): +25,364.54% to $0.015705, $29.67M volume
- DOOD (Doodles): +38.68% to $0.002054, $45.88M volume
- FANC (fanC): +33.40% to $0.000697, $7.74M volume
- ARIA (Aria.AI): +25.55% to $0.086990, $9.54M volume
- ERA (Caldera): +24.29% to $0.093320, $71.19M volume
- RLS (Rayls): +22.65% to $0.002600, $7.55M volume
- OSMO (Osmosis): +19.01% to $0.052098, $7.02M volume
- CAP (Cap): +18.55% to $0.101872, $115.70M volume
- STONK (STONK): +13.77% to $0.130392, $18.12M volume
- DODO (DODO): +13.24% to $0.024798, $29.14M volume
Top 10 Losers
Among the top 300 coins, Quack AI (Q) fell furthest. CoinStats reported no confirmed negative catalyst for it. Compound and Anubis Bridged LGNS also fell, and no cause was identified for either.
- Q (Quack AI): -26.66% to $0.05754, $59.78M volume
- LGNS (Anubis Bridged LGNS): -17.12% to $0.13166, $3.44M volume
- COMP (Compound): -10.39% to $20.68, $61.81M volume
- CARDS (Collector Crypt): -6.35% to $0.29467, $4.98M volume
- BTW (Bitway): -5.96% to $1.60978, $4.54M volume
- BAT (Basic Attention): -5.83% to $0.14685, $20.82M volume
- KAIA (Kaia): -5.62% to $0.03438, $7.21M volume
- WLD (Worldcoin): -5.05% to $0.43888, $264.71M volume
- TRAC (OriginTrail): -4.65% to $0.35909, $6.40M volume
- DRV (Derive): -4.42% to $0.35014, $5.73M volume
Top 20 by Market Cap
Most top-20 coins moved less than 2%. Monero was the largest decline, down 3.66% to $585.15. Zcash rose 0.62% to $1,206.23, and Hyperliquid added 0.83%. Tether, USDC, USDS and Binance Bridged USDT held near $1. BNB, XRP, Solana, TRON and Dogecoin rounded out the top ten, with the remaining names including Lido Staked Ether, Wrapped stETH, Wrapped Bitcoin, WhiteBIT Coin, Chainlink and Wrapped Beacon ETH.
Other Key Events
Initia Mint Exploit
On 23 October, an attacker minted 2,000,000 AUSD through a MoveVM bug on Initia. The chain paused its L1 and rollups at 3:41 PM UTC. Losses were reported at $2.6M to $2.7M, and the USDC bridge reserve on Noble fell to $63. Upbit designated INIT a trading caution token on 26 October, and INIT was down 11.69% at last check.
X100 Governance Takeover
On 24 October, an attacker seized two of three governance seats at X100 and drained $4.85M. The attacker sold 400,000 X tokens into an empty liquidity pool. The X token fell 96%, according to Crypto Times.
In Brief
- CoinDCX: The exchange admitted that 15.99M USDT was drained from retired TRON wallets on 21 October, after earlier denying a hack.
- Upbit and Cosmos: Upbit suspends ATOM deposits and withdrawals from 28 October.
- Franklin Templeton: The firm registered two Bitcoin dividend reinvestment ETFs for Nasdaq trading.
- Zcash NU7: The upgrade targets block 3,543,405 around 5 November. It cuts target block spacing from 75 to 25 seconds.
What to Watch
- $80,000 Bitcoin level: Bitcoin traded below it over the weekend. Whether it reclaims that level before the Fed decision on 28 October is the next test.
- PCE inflation data: Due later this week, ahead of the Fed meeting.
- ETH near $2,300: Bitget's feed reported Ethereum falling below $2,300 on 26 October. A close below that level would extend pressure.
- Upbit ATOM suspension: Deposits and withdrawals halt from 28 October.
- Zcash NU7 upgrade: Targets block 3,543,405 around 5 November.