Bitcoin rebounded above the $80,000 mark after falling to a five-week low, with the token quoted at $80,312 on Oct. 25 Beijing time and down 1.95% for the week, according to Techub News, which cited Crypto.news. The broader market remained under pressure. Bitway, Rain, Hedera and Aave each posted weekly declines of more than 10%, while Ether fell 3.41% and Solana lost 2.81% over the same period. Not all tokens moved lower, however, as Pepe and MemeCore registered gains. The report also said Bitcoin’s drop below $80,000 triggered about $546.88 million in liquidations over 24 hours. On the fund flow side, U.S. spot Bitcoin ETFs saw combined outflows of $773.5 million on Oct. 22 and 23 Eastern Time. Even so, the products still recorded net inflows of about $301.2 million across the most recent five trading days. The figures point to continued volatility in both token prices and ETF demand over the week.
Bitcoin rose back above $80,000 after slipping to a five-week low, with the cryptocurrency quoted at $80,312 on Oct. 25 Beijing time, down 1.95% for the week, according to Techub News citing Crypto.news.
Altcoins posted steeper weekly declines
Several altcoins fell more than 10% over the week, including Bitway, Rain, Hedera and Aave. Ether was down 3.41%, while Solana lost 2.81%.
Pepe and MemeCore moved higher during the same period.
Liquidations followed Bitcoin's drop below $80,000
The report said Bitcoin's move below $80,000 triggered roughly $546.88 million in liquidations over 24 hours.
U.S. spot Bitcoin ETFs recorded two-day outflows
U.S. spot Bitcoin ETFs posted combined outflows of $773.5 million on Oct. 22 and 23 Eastern Time. Over five trading days, however, the funds still showed net inflows of about $301.2 million.
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