On October 30, bitcoin dropped below $77,000. According to RIA Novosti, it traded at $76,953 at 00:31 UTC, down 4.23% from a day earlier. That is about 39% below its all-time high of $126,198, set on October 6, 2025.
What happened this week
- The Fed held rates. On October 28, the US Federal Reserve kept its target range at 3.75–4%. The vote was 10 to 2: Lisa Cook and Beth Hammack dissented, preferring a 0.25 percentage point hike.
- ETF outflows. On October 30, US spot bitcoin ETFs lost $643.2 million, according to Farside data. The biggest outflows were from IBIT (BlackRock), $233.7 million, and FBTC (Fidelity), $201 million. In the four days before, October 26–29, the funds took in $440.8 million.
- The Binance hack. On October 29, hackers drained about $6.3 billion from Binance's hot wallets, according to an estimate the exchange gave on October 30. Details in our news on the Binance hack.
Sources: RIA Novosti, US Federal Reserve, Farside Investors, Fortune.