According to Coinglass, Bitcoin's price decline in October 2026 was 7.32%. The drop is being compared with October 2014, when the cryptocurrency lost even more — 12.57%.
Decline of other cryptocurrencies and market events
The decline affected more than just Bitcoin. Ethereum lost 16.06% in October, its biggest drop for the month since 2016.
Cryptocurrency price dynamics
The hacking incident at Binance
The crypto market also faced an attack on the Binance exchange. According to the exchange itself, on October 29 attackers gained access to hot wallets — storage connected to the internet. As a result, crypto assets worth about $6.3 billion were stolen. The company said it is committed to covering the losses at its own expense.
By November 2, Binance reported that it had recovered about 95% of the affected amount.
Current quotes
As of 13:16 Bishkek time on November 3, Bitcoin was trading at $76.5 thousand and Ethereum at $2.25 thousand.
