Bitcoin

What I learned

Bitcoin slipped below $80,000 on October 24, its weakest level in over a month

24/7 Wall St. tracked BTC briefly hitting $79,973 before buyers pushed it back to $80,287, and The Block clocked $404 million in crypto longs liquidated in just four hours, with Gate News pinning the actual low at $79,280. @TheFoundryOnSol summed up the mood citing Yahoo Finance: Bitcoin steadies near $80,400 as the Federal Reserve decision looms. Investing.com later clocked a recovery to around $80,800 on Sunday as traders repositioned ahead of the October 27-28 FOMC meeting, and CoinMarketCap's CMC AI had BTC up 0.76% to $80,624 the same day, framing the move as a bounce off the weekend low rather than a trend change. CoinVado described the whole episode as a "search for a floor ahead of the FOMC," charting the month's actual low near $79,200 on October 24 and mapping overhead resistance at $81,000 and $84,000 against support at $78,400 and $75,000, with $80,000 itself acting as a pinned psychological line between the ETF cost basis and the round number. That same Yahoo Finance piece, headlined Weekly Wrap: Bitcoin Under Pressure As Market Volatility Intensifies, framed the whole week as Bitcoin Under Pressure As broader market volatility intensifies, which tracks with scattered TikTok chatter like Bitcoin Holds Near key levels and a separate Bitcoin Market Update clip from @skeyscrypto just charting the same chop. Adding to the deleveraging picture, E8 Markets logged a separate $333.5 million in leveraged liquidations that same weekend even as Bitcoin posted a slight gain, calling it a symptom of crowded positioning across the whole crypto market rather than just BTC.

The FOMC decision lands October 28 and traders are bracing

@xiaojie8386 flagged a triple-whammy week: the Fed on Oct 28, U.S. PCE and GDP on Oct 29, and the BOJ on Oct 30, warning macro data "could matter more than the timeline." Investing.com called the October 27-28 meeting the key driver for where Bitcoin goes next, with traders watching for signals on rate direction, and AInvest had markets pricing a 56.5% chance of a 25bps rate cut by October 25, down from the 64% probability of a hike that 24/7 Wall St.'s earlier October outlook had flagged via CME FedWatch back in September, a sign the rate-path narrative has been shifting week to week. AInvest also mapped the technical range ahead of the decision at $77,000-$78,000 support against $84,000-$87,000 resistance. The Yahoo Finance Weekly Wrap tied the pressure to an AI-trade selloff dragging the Nasdaq, and Polymarket's Bitcoin Up or Down on October 26 market is pricing a 78% chance of Down. On TikTok, @investingyalljoshrhodes packaged the same jitters as "Huge Crypto News," pulling 11,400 views without adding much beyond the headline anxiety.

Bitcoin's hashrate crossed 1 zettahash per second after eight months

KuCoin cited BlocksBridge Consulting's October 22 Miner Weekly showing the seven-day average recovering above that mark, and @caihawk_signals called it a surge in mining competition after 8 months of waiting. @Cole_Walmsley put it in perspective with 1,233 likes: "978 quintillion calculations per second," while @crypto_torty noted hashrate growth has historically been a leading indicator of BTC price growth. Technical traders are also eyeing a Golden Cross setup flagged on Threads by @crypto.asad, who noted the shorter-term moving average crossing above the longer-term one is often read as bullish, though it's no guarantee of a rally. On the price-chart side, CoinVado flagged that BTC has lost its 50-day moving average, a bearish technical signal running in the opposite direction of the hashrate story.

The SEC cleared Volatility Shares' 3x leveraged Bitcoin and Ether ETFs

@TheFoundryOnSol reported the listing offers 3x daily amplified exposure to crypto futures, flagging they're built for short-term traders and carry significant "volatility decay." Meanwhile the spot ETF story turned: KuCoin logged $301 million in net inflows for the week, ending a two-week outflow streak, after CoinDesk tracked $1.08 billion over three days. But the picture flipped again fast: both 24/7 Wall St. and its Yahoo Finance republish flagged a $635.5 million single-day net outflow from spot Bitcoin ETFs on October 24, and AInvest described flows as "choppy" overall heading into the Fed decision, caught between dip-buyers accumulating despite elevated prices and distribution from shakier hands. Even the KuCoin writeup carried its own boilerplate Icon Share Icon Share button row, a small reminder these flash pieces are built for rapid social reposting as much as for reading.

Grant Cardone is stuffing Bitcoin inside apartment buildings

On the Daily Wolf on Yahoo Finance, host Scott Melker sat down with Cardone, who laid out an 85/15 split - 85% real estate, the rest in Bitcoin using "Saylor's 12" playbook - and said "80% of the people that invested with me in the first fund had never owned no Bitcoin." He's targeting 10,000 to 15,000 BTC and already dropped "13 or 14 million dollars" into Bitcoin on one deal. The same channel ran Why JP Morgan Is Finally Bullish on Bitcoin, noting JP Morgan expects BTC to beat stocks and bonds by 10% a year.

r/Bitcoin is coping with memes as the price bleeds

The Just bought my first Bitcoin, and immediately lost 3% thread hit 1,430 upvotes, with the top reply "Whoa save some BTC for the rest of us" (905 upvotes). The perennial Bitcoin is dead again post pulled 498 upvotes, and the sentiment-bait Bitcoin is going to be $250,000 within twelve months got the only response that mattered - "Source: Trust me bro!" at 1,398 upvotes. Smaller regional pages are riding the same wave too, with a Nordic Crypto Pinterest board recirculating the dip-buying memes for a Scandinavian audience, and a post credited to Kristyna Mazankova making similar rounds on the platform.

The long-game price forecasts are all over the map

On r/Bitcoin the 2030 target thread landed on "$250,000 - $300,000" (108 upvotes) while pouring cold water on $1M. Fundstrat's Tom Lee told CNBC BTC peaks "around $500,000" by 2028, and on Instagram @peterdiamandis pressed Cathie Wood, who's holding her $1 million forecast despite stablecoins "usurping" part of Bitcoin's thesis. Polymarket's What price will Bitcoin hit in 2026 gives a 44% chance BTC dips to $45,000 by year-end. A Pinterest post touting a broader Sector Surges narrative tied falling realized volatility (down to 16% after the April spike) to the case for consolidation before the next leg up, echoing the volatility debate running elsewhere in the research.