Week in markets: Bitcoin flat at $81,629, BNB holds up as altcoins slip
Bitcoin ended the week to October 23 up 0.16% after touching $84,012, Ether lost 0.64%, and total crypto market value stood near $2.83 trillion ahead of the Fed decision.
PRICE ANALYSISALTCOINS
Hana Kimura
10/23/20261 min read
Bitcoin closed Friday, October 23, at $81,629.20, up 0.16% from $81,500.80 a week earlier, according to The Rio Times. It touched $84,011.97 on Wednesday, October 21, before falling 3.2% on Thursday. Daily closes over the week ranged between roughly $81,300 and $84,000. Ether closed at $2,404.24, down 0.64% on the week.
Large-cap altcoins mostly ended October 23 in the red. XRP traded at $1.33, down 1.6% over 24 hours, Solana at $104.37, down 1.1%, Dogecoin at $0.07994, down 0.4%, and TRON at $0.3295, down 0.3%, Koin Bülteni reported. BNB was the exception among majors, rising 0.2% to $743.11. Losses were concentrated in DeFi tokens.
Total crypto market value stood at about $2.831 trillion, with 24-hour trading volume near $76.6 billion. Macro conditions weighed on risk assets: the Nasdaq Composite fell 2.6% on Thursday, and the US 10-year Treasury yield reached 5.00% on Friday. University of Michigan data put one-year inflation expectations at 4.7%.
Prediction markets reflected the cautious tone. On Polymarket, traders priced an 80.5% probability that Bitcoin trades down to $80,000 in October and 51.5% that it reaches $90,000 in 2026. The next major event for markets is the Federal Reserve's policy decision on October 28.
Source: The Rio Times, Koin Bülteni.