--- title: "Weekly Recap | IBIT.US -2.47%, Bitcoin tests $80,000" type: "News" locale: "en" url: "https://longbridge.com/en/news/301456871.md" description: "iShares Bitcoin Trust ETF (IBIT) closed the week at $46.55, down 2.47%, while the S&P 500 rose 1.15%, leaving the fund about 3.62 percentage points behind the benchmark. The week turned into a fade after a firm start: Monday opened at $48.74 and touched a weekly high of $49.12; Tuesday held near $49; Wednesday gapped lower and closed at $47.21; Thursday extended the drop to a weekly low of $45.44; Friday stabilised at $46.55. Weekly amplitude came to 7." datetime: "2026-10-10T04:26:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301456871.md) - [en](https://longbridge.com/en/news/301456871.md) - [zh-HK](https://longbridge.com/zh-HK/news/301456871.md) generator: "portal-rs" --- # Weekly Recap | IBIT.US -2.47%, Bitcoin tests $80,000 ## The Week iShares Bitcoin Trust ETF (IBIT) closed the week at $46.55, down 2.47%, while the S&P 500 rose 1.15%, leaving the fund about 3.62 percentage points behind the benchmark. The week turned into a fade after a firm start: Monday opened at $48.74 and touched a weekly high of $49.12; Tuesday held near $49; Wednesday gapped lower and closed at $47.21; Thursday extended the drop to a weekly low of $45.44; Friday stabilised at $46.55. Weekly amplitude came to 7.55%, noticeably wider than the prior rhythm. ## Sector News Crypto-facing headlines were dense this week. On the regulatory side, the SEC and CFTC jointly classified Bitcoin, Ether, Solana, Stellar, Tezos and XRP as digital commodities; with the CLARITY Act stalled, the CFTC chair signalled new platform rules are on the way. Fund flows were split: one report on 9 October put October crypto ETF outflows near $1 billion, with Bitcoin ETFs shedding $244 million; against that, Strive made its largest single purchase in four months, adding 2,000 BTC to reach 29,462 BTC. Spot Bitcoin slid from above $82,000 midweek toward $80,000 before rebounding past $82,000 on Friday. Analyst ranges for the fourth quarter cluster around $80,000 to $90,000, with some flagging $83,000 to $72,000 as the key support zone. ## The Week Ahead The macro calendar brings the US NFIB small-business optimism index and existing-home sales on Tuesday, 13 October, followed by US CPI and core CPI on Wednesday, 14 October. Headline CPI carries a prior of 3.4% against a 3.7% forecast, while core CPI has a prior of 2.4% and a 2.5% forecast. A surprise in either direction could feed through the dollar and yields into Bitcoin and Bitcoin ETF volatility. Also worth tracking: Strategy’s next Bitcoin treasury update on 29 October, and any follow-through after Thailand’s SEC cleared the way for local spot Bitcoin and Ether ETFs. Friday’s V-shaped bounce and whether Bitcoin can hold the $80,000 round number shape the early mood. ## In Short This week laid two forces side by side. The regulatory track moved forward: Bitcoin and several peers were formally classified as digital commodities, and Thailand opened a path for local spot ETFs. The near-term flow picture was less supportive: crypto ETFs logged close to $1 billion of monthly outflows, Bitcoin ETFs among them, and spot Bitcoin probed the $80,000 area. IBIT itself amplified the contrast, trailing the S&P 500 by about 3.62 percentage points on the week. The next test is whether the CPI prints on 14 October recalibrate rate expectations and risk appetite, and whether Bitcoin’s $80,000 support holds. Institutional direction and short-term flows are not yet pointing the same way; the data will show if that gap narrows. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BITI.US](https://longbridge.com/en/quote/BITI.US.md) - [YBIT.US](https://longbridge.com/en/quote/YBIT.US.md) - [SBIT.US](https://longbridge.com/en/quote/SBIT.US.md) - [BTFX.US](https://longbridge.com/en/quote/BTFX.US.md) - [BTCZ.US](https://longbridge.com/en/quote/BTCZ.US.md) - [BTCL.US](https://longbridge.com/en/quote/BTCL.US.md) - [BITX.US](https://longbridge.com/en/quote/BITX.US.md) - [BITU.US](https://longbridge.com/en/quote/BITU.US.md) ## Related News & Research - [14 companies sold 108,247 Bitcoin in 2026, but here’s why it’s not what it looks like!](https://longbridge.com/en/news/305139945.md) - [Bitcoin’s ‘Glory Days Are Over,’ Bloomberg Expert Says as Bulls Push Back](https://longbridge.com/en/news/304916608.md) - [Fidelity Wise Origin Bitcoin Fund 3Q 2026 — 10-Q Summary](https://longbridge.com/en/news/304682456.md) - [Bitwise Bitcoin ETF 3Q 2026: Net income $920.47M — 10-Q Summary](https://longbridge.com/en/news/304688917.md) - [Binance hackers swap $124M of stolen altcoins into Bitcoin as withdrawals reopen](https://longbridge.com/en/news/304699131.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**