Bitcoin Slides Below US$83,000 as Ethereum Sheds Nearly 9% in Weekly Crypto Sell-Off

The crypto market endured a bruising week from Oct 5 to Oct 9, 2026. The Bitcoin price fell below US$83,000 while the Ethereum price plunged nearly 9%, as rising US Treasury yields, a stronger US dollar and geopolitical tensions drove a broad retreat from risk assets.

Bitcoin Price Analysis: A 4.55% Weekly Decline Bitcoin, the world's largest cryptocurrency by market capitalisation, closed at US$82,546.32 on Oct 9, down 4.55% from its Oct 4 close of US$86,480.31.

The week opened softly, with Bitcoin closing at US$85,786.59 on Oct 5 and US$85,557.56 on Oct 6. Selling accelerated on Oct 7, when the price dropped 2.67% to US$83,275.93. It fell again on Oct 8 to US$81,676.34, briefly touching an intraday low of US$80,336.91, before recovering 1.07% to end the week at US$82,546.32. Ethereum Price Analysis: An 8.84% Drop Ethereum underperformed Bitcoin all week. The second-largest cryptocurrency slid from US$2,726.51 on Oct 4 to US$2,485.54 on Oct 9, a loss of 8.84%. After a gradual dip to US$2,697.52 on Oct 6, Ethereum tumbled 4.60% to US$2,573.53 on Oct 7 and shed another 3.95% to US$2,471.91 on Oct 8, before a modest 0.55% rebound on Oct 9.

Ethereum's sharper decline points to weaker investor appetite for altcoins, compounded by leveraged liquidations and outflows from crypto exchange-traded funds (ETFs). Why the Crypto Market Sold Off Three macro forces weighed on sentiment: elevated US borrowing costs, higher crude oil prices and a stronger US dollar. Together they reduced demand for speculative assets such as Bitcoin and Ethereum.

Bitcoin ETF Outflows and Crypto Liquidations Institutional selling intensified volatility. US spot Bitcoin ETFs recorded roughly US$485 million in net outflows on Oct 7, their largest single-day withdrawal since June. On the same day, forced liquidations across the crypto market reached approximately US$548 million as leveraged positions were unwound, amplifying the decline.

Oct 7 at a glance: Bitcoin ETF net outflows of about US$485 million, crypto liquidations of about US$548 million, Bitcoin down 2.67%, Ethereum down 4.60%. Crypto Market Outlook: Key Levels and Indicators to Watch Investors will closely follow US inflation data, Federal Reserve interest rate expectations and Bitcoin ETF fund flows for signs of stabilisation. Two price levels will help show whether momentum is returning:

Bitcoin: a reclaim of the US$85,000 level. Ethereum: a recovery towards US$2,700. Until those levels are regained, the crypto market is likely to stay sensitive to macro headlines and ETF flow data.

Frequently Asked Questions What is the Bitcoin price now? Bitcoin closed the week of Oct 5 to Oct 9 at US$82,546.32.

Why did Ethereum fall more than Bitcoin? Weaker altcoin demand, leveraged liquidations and ETF outflows hit Ethereum harder, producing an 8.84% weekly loss against Bitcoin's 4.55%.