Bitcoin remained near $81,000 on Friday after a volatile week, while a sharp rise in oil prices added to concerns about inflation before the Federal Reserve’s next policy meeting. Brent crude rose above $116 a barrel, its highest level since late April, and U.S. stocks traded modestly lower.
According to CoinDesk, Bitcoin was moving in a narrow range near $81,500 after falling to about $81,000 late Thursday. The cryptocurrency was down 0.4% over 24 hours and remained below the $82,500 level it lost during Thursday’s decline. After a week in which Bitcoin moved through swings of roughly $3,000, the latest session was comparatively calm.
Bitcoin remains below ETF investors’ average cost
Bitcoin was trading below the average price at which capital has flowed into U.S.-listed spot Bitcoin exchange-traded funds. That running average, known as the ETF cost basis, stood at $82,313, compared with Bitcoin’s price of just above $81,000 in the CoinDesk report.
The ETF market also recorded a significant withdrawal. Investors pulled $635 million from U.S.-listed spot Bitcoin ETFs during Thursday’s sell-off, according to Farside Investors. It was the largest single-day outflow since June 25.
Historical comparisons cited in the report offered a cautious backdrop. Before Thursday, there had been 22 days on which withdrawals from the funds exceeded $300 million. On average, Bitcoin performed significantly worse seven, 30 and 90 days after those episodes. The available history is limited, however, because the ETFs have existed for less than three years, and the figures may be affected by the bear market that began in October 2025.
Bitcoin’s performance since the start of July also illustrated how difficult it can be to identify the market’s strongest periods in advance. The cryptocurrency had gained about 39% from just below $59,000 on July 1, despite the latest weakness. A trader’s calculation cited by CoinDesk found that only 15 of the 2,724 hourly candles during that period—about 0.55%—generated enough gains to account for the entire advance. Excluding the 20 strongest hours would have left Bitcoin down 6.8% over the period.
Altcoins were mixed. BNB rose nearly 2% to about $745 and DOGE gained about 1%. Monero fell 7% to roughly $607, while Zcash declined nearly 4% to approximately $1,200. Ether, XRP, Solana and HYPE slipped by about 1% or less, with ether just below $2,400.
Oil surge complicates inflation outlook
Oil was the main pressure point across markets. Brent crude, the global benchmark, rose 2.6% to above $116 per barrel, reaching its highest level since late April. West Texas Intermediate, the U.S. benchmark, advanced 3.1% to $102.53, its highest level in one month.
Higher oil prices matter for investors because energy costs can feed into inflation measures and influence expectations for interest rates. The move comes just before the Federal Reserve’s October 27–28 meeting, where investors overwhelmingly expect the central bank to leave its benchmark federal funds rate unchanged.
Treasury yields partially reversed Thursday’s sharp decline. The 10-year U.S. Treasury yield increased 4.3 basis points to 4.994%, while the two-year yield rose six basis points to 4.695%. Thursday’s 19-basis-point fall in the 10-year yield had been the largest one-day decrease since March 2023, when the failure of Silicon Valley Bank heightened concerns about broader financial contagion.
With markets calmer on Friday, the Nasdaq and S&P 500 were about flat earlier in the session, although the final update said the Nasdaq was down 0.2% and the S&P 500 was off 0.6%. Nasdaq 100 futures were little changed after the index’s worst day since June.
Gold and consumer sentiment offer mixed signals
Gold fell below $4,000 an ounce for the first time since July and traded around $3,990. That was about 30% below its January record of $5,600. Silver dropped more than 2% over 24 hours to approximately $53.40, leaving it 56% below its January record high.
U.S. consumer sentiment remained extremely weak, although the final October reading from the University of Michigan was better than the preliminary estimate. The index edged down to 48.0 from 48.1 in September, but rose from the preliminary October figure of 46.3.
The expectations component improved to 48.8 from 46.3. One-year inflation expectations increased to 4.7% from 4.6%, matching the preliminary reading, while longer-term expectations rose to 3.5% from 3.4%. Both inflation readings were unchanged from their preliminary October levels.
Moneyiar market picture
Moneyiar data as of October 24, 2026, at approximately 7:59 a.m. Tehran time showed Bitcoin at $80,605.61, down 1.04% over 24 hours and 1.23% over seven days. Monad traded at $0.021156, down 2.53% in 24 hours and 6.65% over seven days.
Ontology was priced at $0.051141 as of 7:58 a.m., down 3.03% over 24 hours and 2.71% over seven days. Capricorn stood at $0.131504 as of October 6 at 2:14 p.m., down 2.15% over 24 hours but up 0.59% over seven days.
