Outflows from the US spot ETFs on bitcoin and ether, forced closures of long positions worth more than $651 million and a central bank minutes pointing to a further rate rise: these three documented reasons have pulled the crypto market lower since Tuesday. Bitcoin fell 4.2 percent within 24 hours from its high of $86,592 on Tuesday afternoon, October 6, 2026, to $82,952. Ether lost 6.3 percent from high to low on Wednesday evening and XRP 7.1 percent, each measured against CoinGecko hourly prices.
Little had changed by Thursday morning. Bitcoin costs $83,401, which is 2.4 percent less than 24 hours earlier, ether $2,582 (down 4.1 percent), XRP $1.43 (down 4.6 percent) and solana $116.63 (down 3.1 percent). A crash it is not: over seven days bitcoin is only 0.25 percent lower, so the price has slipped back to where it stood the previous week. The market capitalisation of all cryptocurrencies stands at $2.85 trillion according to CoinGecko.
Eight of the ten largest cryptocurr... 
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