TLDR:
- The Bitcoin price fell 3.6% for the week after touching $80,400, then recovered above $83,000 following Thursday’s sharp decline.
- NEAR lost just 0.3% in the weekly comparison after a 91.7% monthly advance, then jumped more than 10% to about $5.25 on October 10.
- Monero’s 1.3% weekly decline beat Bitcoin’s loss, though price performance alone cannot show whether trading activity or buying demand drove the difference.
- Bitcoin ETF outflows reached $244 million in one day, while XRP funds saw $8.2 million in inflows even as XRP fell 9% for the week.
The Bitcoin price fell to a weekly low near $80,400 on October 8 as a crypto market selloff accelerated. By October 9, BTC had recovered to $83,247, leaving it 3.6% lower for the week. Most large tokens lost more over that same seven-day period.
NEAR Protocol and Monero were exceptions, down 0.3% and 1.3%, respectively, in the weekly comparison. Yet those figures capture only one point in a volatile stretch. NEAR had climbed 91.7% over the prior month, then rose more than 10% on October 10. The Bitcoin price and altcoin moves show resilience in the data, but not its cause.
Bitcoin Price Slide Put NEAR and Monero Under Scrutiny
The selloff followed several failed attempts by BTC to reclaim $87,000. After slipping below $84,000 earlier in the week, Bitcoin fell to $80,400 on Thursday. The decline erased nearly $7,000 in a few days before buyers lifted BTC above $83,000. Bitcoin price weakness contrasted with the narrower weekly losses in NEAR and Monero.
NEAR’s small weekly drop deserves context. Its token price had climbed 91.7% in the previous month. That run can change how a weekly selloff appears. Even an intraday pullback may leave a token close to its starting price for the week. NEAR then gained more than 10%, reaching roughly $5.25 on October 10.
BTC price rebound shows how quickly the comparison shifted as prices recovered. Monero’s 1.3% loss also compared favorably with BTC. But a small decline alone cannot show whether buyers were accumulating, holders were inactive, or trading was thin.
ETF Flows and Weekend Recovery Point to Uneven Demand
Gains were not broad among large-cap coins. Thirteen of 16 tracked major tokens fell more than BTC during the measured week. Stellar posted the steepest decline at 13.5%. XRP lost 9%, despite XRP funds recording $8.2 million in inflows. Bitcoin ETFs, meanwhile, had $244 million in daily net outflows. Those flows complicate a simple demand narrative. Positive fund subscriptions did not protect XRP from falling. BTC declined despite its ETFs recording daily net outflows.
Bitcoin’s dominance increased to 59.5% as its market capitalization stood around $1.66 trillion. The total crypto market value rebounded to about $2.8 trillion after losing roughly $200 billion from its high to low. ETH recovered toward $2,500 after falling to $2,400, while XRP moved from $1.34 to around $1.41. The bounce restored some lost value but left several large tokens below recent levels.
NEAR and ADA led the daily rebound among larger altcoins. Cardano rose about 7%, reclaiming $0.255, while NEAR’s advance outpaced peers. The Bitcoin price remained near $83,000 on October 10, below Monday’s $87,000 test and above Thursday’s low. This places the weekly outperformance beside a quick bounce, without confirming a lasting change in market leadership.
That matters for the Bitcoin price beside smaller tokens. Daily changes can look calm if trading is light, but weekly returns alone do not reveal activity. The same result can emerge from steady demand, limited selling, or a sharp drop followed by a rebound.
