Bitcoin dips under $80K 📉

BTC dipped below $80,000 just as Galaxy Research declared its bear market over. Wednesday’s Fed decision may settle the argument.

Author

Stephen Graves
October 26, 2026

 

📝 What you need to know

Bitcoin slipped below $80,000 to an intraday low of $79,330 before recovering to around $80,250, down 2.1% on the week. Analysts blame a sell-off in AI stocks and nerves ahead of Wednesday’s Federal Reserve decision and next week’s midterms, with HashKey’s Tim Sun eyeing $75,000 as the next support. Spot Bitcoin ETFs shed about $773 million on Thursday and Friday, though they still ended the week up roughly $301 million.

With impeccable timing, Galaxy’s Alex Thorn chose this moment to sound the all-clear, declaring on Monday that Bitcoin’s bear market ended in June and calling now “an attractive time to buy and hold.” His tripwire is a weekly close below the 50-week average, currently $76,540, that isn’t regained within a month.

Bitcoin Dips Below $80,000 Ahead of Fed Decision, Midterms

Analysts point to a sell-off in AI stocks and ETF outflows, with HashKey's Tim Sun flagging $75,000 as the next key support level.

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Bitcoin (BTC)October 26, 2026
$80,242
▼ 0.6% (24h)
View live price

📊 Myriad Insight of the Day

Myriad prediction marketOctober 26, 2026
How low will Bitcoin go in October?
Lowest BTC price by October 31
    
Below $72.5K5%
$72.5K–$75K9%
$75K–$77.5K26%
Stays above $77.5K60%
Already hit: $82,500 and $80,000
Why it matters
Bitcoin finally cracked $80,000, dipping to about $79,330 before recovering to around $80,250, per CoinGecko. With five days left in October, traders see a 40% chance it falls to $77,500 and 14% on $75,000, the next key support level HashKey's Tim Sun flagged. Odds on $75,000 have halved since early October, when it sat at 27%. Wednesday's Fed decision is the last big test before month-end.
Related: Bitcoin dips below $80,000 ahead of Fed decision, midterms
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📚 Watch & Learn

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