Bitcoin dropped 7.3% in October 2026, closing at $77,424 from $83,556 in September, marking its weakest October since 2016. The decline was driven by Federal Reserve rate concerns, a $6.3 billion hack on Binance, and a tech stock sell-off. Historically, October is a strong month for Bitcoin, but recent events disrupted this trend. November's outlook is uncertain, with key US economic data and midterm elections potentially influencing prices. Bitcoin remains about 38% below its all-time high from October 2025.
Bitcoin's 7.3% drop in October 2026 sets the backdrop for this analysis of its November outlook. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 01, 2026 19:01 WIB: out of 50 major cryptocurrencies priced on Pluang, 32 rose and 17 fell today. Notable movers include UNI at Rp132.177 with a 1-day change of +5.56% and a Pluang order activity of 6% Sell / 94% Buy, AVAX at Rp159.498 (+4.35%, 31% Sell / 69% Buy), and EGLD at Rp62.879 (+3.28%, 26% Sell / 74% Buy).
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