Bitcoin Slips 0.6% on the Week to US$82,046 | Crypto, Oct 16
Bitcoin closed at US$82,046 on Friday 16 October, down 0.61% on the week, while Coinbase fell 5.79% and Strategy 9.56% in a tech selloff. The post Bitcoin Slips 0.6% on the Week to US$82,046 | Crypto, Oct 16 appeared first on The Rio Times .
Bitcoin's price slipped 0.6% on the week to reach US$82,046 on October 16. The drop amounted to 0.12% for the day and 0.61% from the 9th of October. Ethereum held steady closing at US$2,440.60, virtually unchanged on the week. Crypto-linked shares, however, plummeted more significantly: Coinbase fell 5.79%, Strategy fell 9.56%, and the IBIT bitcoin fund dropped 0.94%.
Wall Street's tech stocks took the brunt of a 2.14% decline in the Nasdaq, as crypto-linked equities followed the downturn. US spot bitcoin funds witnessed about US$145 million in net outflows during the week, according to Crypto Briefing. The gap between Bitcoin's price and the shares tied to it highlighted that equity investors, rather than coin holders, bore the brunt of the sell-off.
Polymarket predicted a slight edge for Bitcoin to outperform gold in 2026 at 42.5%, with the S&P 500 favored at 69.0%.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
