bensol

Bitcoin slid 2.56% to $82,425, while Ethereum dropped 2.45% to $2,427. Solana (-3.29%) and XRP (-3.27%) took an even bigger beating. Concerns over soaring AI spending and shaky tech earnings sent investors fleeing riskier assets.

Middle East tensions pushed Brent above $110 and WTI towards $100, rattling global markets. Rising energy costs could keep inflation stubborn and the Fed hawkish. Higher-for-longer rates are hardly the love language of speculative assets.

U.S. spot Bitcoin ETFs reportedly attracted $1.1 billion this week, including roughly $525 million on October 21. Ethereum funds drew just $15 million, with Solana and XRP trailing further behind. Institutional appetite is alive, but not strong enough to overpower the sell-off.

#BTC $SOL