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The period from October 7 to October 13 subjected the crypto market to significant headwinds without causing a major structural breakdown. Bitcoin moved from approximately $85,500 to $83,400, a decline of close to 2.5%. It briefly touched the $80,500 area before rebounding, demonstrating that demand remains present near this psychological threshold despite ETF outflows, a strong U.S. dollar and higher bond yields.
Ethereum experienced greater pressure, declining from approximately $2,695 to $2,500, or close to 7%. This underperformance reflects a broader reduction in risk exposure across the alternative-asset segment. ETH’s ability to remain above $2,400 nevertheless remains constructive and preserves the recovery structure that began this summer.
The macroeconomic environment remained challenging. The ten-year U.S. Treasury yield reached approximately 5.35%, a multi-decade high, before returning toward 5.20% on October 13. Brent crude simultaneously traded near $105 per barrel, while the U.S. dollar reached an eighteen-month high. These three factors reduce the liquidity available to risk assets and increase the opportunity cost of holding them.
Minutes from the Federal Reserve’s September meeting confirmed that policymakers remain divided. Some officials view the September increase as a preventive measure against the inflationary effects of higher energy prices, while others are concerned about broader demand-driven pressures. Markets now assign a probability of close to 80% to rates remaining unchanged in October. The Consumer Price Index scheduled for October 14 will therefore be particularly important.
Institutional flows reflected this caution. Between October 7 and October 12, spot Bitcoin ETFs recorded approximately $773 million in net outflows. Ethereum ETFs experienced withdrawals of approximately $375 million, while Solana and ZEC ETFs recorded outflows of approximately $13 million and $29 million, respectively.
Although these withdrawals weighed on prices, bitcoin’s behaviour remains relatively encouraging. The market absorbed substantial outflows without remaining below $80,000. Futures-market data also indicate a reduction in bitcoin open interest, suggesting that some excess leverage has been removed. A future advance supported more heavily by spot purchases would represent a healthier foundation.
From a technical perspective, the $82,000 area represents bitcoin’s first support, followed by $80,000 to $81,000. A sustained break below the latter area would increase the risk of a return toward $76,000 to $78,000. On the upside, bitcoin will need to reclaim $84,000 to $85,000 and then move above $87,000 to open a path toward $90,000. For Ethereum, immediate support is located between $2,400 and $2,450, followed by $2,300. Resistance stands near $2,550 to $2,600 and then $2,700.
Institutional adoption continues to progress in parallel. Strategy announced the acquisition of an additional 250 bitcoins for approximately $22 million, bringing its holdings to 848,250 BTC. The company paid an average of $86,194 for the new bitcoins, illustrating its willingness to continue accumulating during periods of consolidation. Securitize also launched infrastructure allowing fully backed representations of shares such as Apple, Nvidia and Microsoft to trade on blockchain networks. This convergence between traditional securities and digital infrastructure remains one of the industry’s most constructive developments.
On the regulatory front, coordinated work by the Securities and Exchange Commission and the Commodity Futures Trading Commission is progressing toward a clearer taxonomy for digital assets. One objective is to better distinguish between a crypto asset that is not itself a security and an investment contract subject to securities regulations. The process remains complex, but better coordination between the two agencies could reduce some of the uncertainty that continues to limit U.S. adoption.
In summary, the week was negative in terms of prices and flows, but it appears more consistent with a period of deleveraging and consolidation than with a fundamental deterioration of the market. Bitcoin defended the $80,000 region, institutional adoption continued, and the infrastructure connecting blockchain networks with traditional markets continues to expand.
The main factors to monitor will be U.S. inflation, the ten-year Treasury yield, oil prices and the ability of ETFs to return to net inflows. A bitcoin recovery above $85,000 would quickly improve the setup, while a break below $80,000 would warrant greater caution. For Ethereum, holding $2,400 remains essential.
The presented information is as of October 13th, 2026, unless otherwise indicated and is provided for information purposes only. The information comes from sources that we believe are reliable, but not guaranteed. This statement does not provide financial, legal or tax advice. Rivemont Investments are not responsible for any errors or omissions in the information or for any loss or damage suffered.
