Bitcoin ETF outflows: U.S. spot Bitcoin ETFs reportedly saw about $244 million in net $BTC outflows on October 8, adding pressure to institutional demand.

Macro risk: Geopolitical tensions and elevated interest-rate concerns have weighed on risk assets and contributed to the recent sell-off.

Ethereum development: An Ethereum Foundation researcher proposed an EIP related to execution-layer proofs, a technical development rather than a confirmed immediate price catalyst#EthereumSurpasses$2500 #US . $ETH