CRYPTO
Crypto Briefing
31 Oct 2026 · 15:00
Bitcoin slides 8% in October, nearing $76K
The world's largest crypto is on track for a second straight negative October, defying one of its most reliable seasonal patterns Bitcoin is down 8.4% so far this month. That puts it on track …
The world's largest crypto is on track for a second straight negative October, defying one of its most reliable seasonal patterns
Bitcoin is down 8.4% so far this month. That puts it on track for its second consecutive negative October.
As of late October 2026, Bitcoin is trading in a band between $76,000 and $77,000. The decline for the month now sits at more than 8%, and the price is drifting toward the $76,000 mark.
How October went sideways
Earlier in October, Bitcoin rallied and peaked somewhere between $80,000 and $84,000.
That rally didn’t last. The price then fell sharply, hitting intraday lows around $76,500 as volatility picked up across the market.
Zoom out a bit and the drop looks steeper. Bitcoin’s 30-day high reached the mid-$86,000s before the slide began.
The current monthly loss of approximately 8.4% follows a roughly 3.9% decline in October 2025. Stack those together and you get back-to-back losing Octobers, assuming the month closes in the red.
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The month that usually delivers
Since 2013, Bitcoin has posted positive October returns in 10 out of the last 13 years. The average gain over that stretch comes in near 19%.
This year’s performance runs directly against that historical pattern. And it comes against a backdrop of a much higher high: Bitcoin peaked in a range cited as above $110,000 to $126,000 in late 2025.
What traders are watching
The immediate focus is on technical support, the price levels where buyers have historically stepped in. Two sit right near the current price.
The first is the 100-day simple moving average. The second is the 0.382 Fibonacci retracement level. Both of those markers cluster around $76,000 to $76,200.
If the $76,000 area fails to hold, Bitcoin could face further downward pressure. A break below closely watched support often triggers stop-loss orders and forced selling, which can amplify volatility.
Macro conditions remain another variable worth monitoring. Bitcoin increasingly trades alongside broader financial markets, so shifts in the economic backdrop could influence whether support holds in the coming weeks.
For now, the near-term roadmap is fairly simple. Watch the $76,000 to $76,200 zone, watch how the month closes, and watch whether October 2026 officially joins October 2025 in the loss column.
CRYPTO
Crypto Briefing
31 Oct 2026 · 14:45
Nasdaq 100 and S&P 500 shed nearly $3.3 trillion as AI spending fears hit tech
Weak guidance from Intel, Amazon's cash burn and Alphabet's slide pushed investors to question whether the AI buildout will pay off The Nasdaq 100 and S&P 500 together lost nearly $3.3 trillion in market …
Weak guidance from Intel, Amazon's cash burn and Alphabet's slide pushed investors to question whether the AI buildout will pay off
The Nasdaq 100 and S&P 500 together lost nearly $3.3 trillion in market value as disappointing earnings and soft guidance set off a broad selloff in US stocks.
On October 30, 2026, the Nasdaq Composite fell 3.37% to close at 25,303.37. The S&P 500 slipped 2.08% to 7,559.85 the same day.
A rough week for the biggest names in tech
The Nasdaq 100, home to the largest non-financial companies on the exchange, was headed for its worst stretch since mid-June. Its losses exceeded 3% as fears about enormous AI-related capital spending deepened.
The nearly $3.3 trillion aggregate value loss spread across the month of October. The Nasdaq 100 alone was forecast to post a monthly wipeout of more than $2 trillion, driven largely by concern over AI outlays.
Semiconductor makers and hyperscalers, the giant cloud providers that rent computing power to everyone else, led the declines.
Intel took the hardest single hit. Its shares dropped approximately 29-30% after the chipmaker guided fourth-quarter revenue to $15-16 billion, below the roughly $17 billion the market expected.
Amazon gave investors a different kind of headache. The company reported negative free cash flow of $42.4 billion over the trailing 12 months, and it kept its 2026 capital expenditure guidance at around $220 billion.
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Alphabet had already set the mood a day earlier. The Google parent fell more than 12%, erasing roughly $500 billion in market value amid worries about the growth of its search advertising business.
From growth story to profit question
Investor expectations are shifting away from revenue growth and toward a clearer timeline for profitability, and that shift is happening against a backdrop of rising borrowing costs.
This is also not the first time in 2026 that tech has wobbled this hard. In June, the market recorded a $1.3 trillion loss over just two days, which points to a pattern of recurring volatility in tech stocks rather than a one-off scare.
The Nasdaq 100 heading for its worst performance since that mid-June episode reinforces the point. Selloffs tied to AI spending are becoming a recurring feature of the calendar, not a rare event.
What this means for investors and the AI trade
Chipmakers like Intel live or die on guidance, so a weak forecast hits immediately. Hyperscalers like Amazon face a slower burn, where the risk is that spending keeps rising while the payoff stays out of reach.
Alphabet’s slide adds another wrinkle. Concern about search advertising suggests investors are not only questioning AI costs but also asking whether AI could disrupt the cash engines that pay for it in the first place.
The S&P 500’s 2.08% drop was smaller than the Nasdaq’s, but it still reflected how much of the broad index now rides on the same AI bet.
MACRO & FED
Biztoc.com
31 Oct 2026 · 14:31
Bank of Japan holds rates steady even as inflation ticks up
The Bank of Japan held rates steady even as inflation ticks up again and is now above the central bank’s target rate for core consumer price increases. It kept its policy rate — the …
The Bank of Japan held rates steady even as inflation ticks up again and is now above the central bank’s target rate for core consumer price increases.
It kept its policy rate — the uncollateralized overnight call rate — at 1.25%, as it concluded a two-day po… The Bank of Japan held rates steady even as inflation ticks up again and is now above the central banks target rate for core consumer price increases.It kept its policy rate the uncollateralized over…
MACRO & FED
Slashdot.org
31 Oct 2026 · 14:31
US economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment - AP News
US economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investmentAP News Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation acceleratesCNBC Americans Keep SpendingThe New York …
US economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investmentAP News Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation acceleratesCNBC Americans Keep SpendingThe New York Times With days t… It is clear that the individual who persecutes a man, his brother, because
he is not of the same opinion, is a monster.
- Voltaire
MACRO & FED
The Times of India
31 Oct 2026 · 14:31
India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank
India has seen a significant decline in poverty, with the rate dropping from 27.1 percent to 2.6 percent. Approximately 496 million people were lifted out of poverty between 2011 and 2023. Employment has increased, …
India has seen a significant decline in poverty, with the rate dropping from 27.1 percent to 2.6 percent. Approximately 496 million people were lifted out of poverty between 2011 and 2023. Employment has increased, particularly among rural women, which contri… New Delhi: India lifted an estimated 496 million people out of poverty between 2011 and 2023, with the share of the population living in extreme poverty declining sharply from 27.1 per cent to 2.6 pe…
MACRO & FED
The Times of India
31 Oct 2026 · 14:31
Global Market: ECB may pause rate hikes after December amid growth risks
European Central Bank policymakers expect to raise interest rates by 25 basis points in December to counter energy-led inflation, before pausing further monetary tightening as rising bond yields are expected to weigh on economic …
European Central Bank policymakers expect to raise interest rates by 25 basis points in December to counter energy-led inflation, before pausing further monetary tightening as rising bond yields are expected to weigh on economic growth and price pressures. European Central Bank (ECB) policymakers expect to raise interest rates in December to tackle rising energy-led inflation before pausing further monetary tightening, as higher bond yields are expecte…
MACRO & FED
Hurriyet Daily News
31 Oct 2026 · 14:31
Bank of Japan says inflation hit 2 percent target after 13 years
Bank of Japan says inflation hit 2 percent target after 13 years TOKYO The Bank of Japan said on Oct. 30 inflation had hit its 2 percent target, more than 13 years after it …
Bank of Japan says inflation hit 2 percent target after 13 years
TOKYO
The Bank of Japan said on Oct. 30 inflation had hit its 2 percent target, more than 13 years after it adopted the goal in a bid to pull the economy out of deflation.
For decades successive governments struggled to pull the country out of a spiral of deflation, sustained falls in prices that are harmful for economic growth, and the 2 percent goal was set in 2013 as the BoJ launched massive monetary easing measures.
Although core consumer inflation at times topped the level in the early 2020s, Oct. 30 marked the first time that the BoJ confirmed the long-term price trend had been achieved.
"Underlying CPI inflation is at a level that is generally consistent with the price stability target of two percent, and is expected to remain at around that level," the central bank said on its website.
The BoJ also said in a statement that it had kept its key interest rate unchanged at 1.25 percent after an eight-to-one majority vote.
That decision came after the U.S. Federal Reserve and the European Central Bank kept their policy rates unchanged earlier in the week.
However Japanese officials are expected to hike in December as inflationary pressure builds.
Japan's core inflation in September stood at 2.1 percent, sharply up from 1.7 percent in August, according to data released by the government last week.
MACRO & FED
The Times of India
31 Oct 2026 · 14:31
Global Market: Bank of Japan achieves 2% inflation target after 13 years
The Bank of Japan declared its long-standing 2% inflation target achieved after more than 13 years, but kept its benchmark interest rate unchanged at 1.25%. Persistent inflation, rising oil and semiconductor prices, and yen …
The Bank of Japan declared its long-standing 2% inflation target achieved after more than 13 years, but kept its benchmark interest rate unchanged at 1.25%. Persistent inflation, rising oil and semiconductor prices, and yen weakness have fuelled expectations … The Bank of Japan (BoJ) on Friday said Japan had finally achieved its long-standing inflation target of 2%, more than 13 years after the central bank adopted the goal to pull the economy out of decad…
MACRO & FED
CNA
31 Oct 2026 · 14:31
BOJ Governor Ueda's comments at news conference
Oct 30 : The Bank of Japan kept interest rates steady on Friday, but declared victory in a nearly 14-year battle to hit its price target and signalled vigilance against inflation risks, suggesting the …
Oct 30 : The Bank of Japan kept interest rates steady on Friday, but declared victory in a nearly 14-year battle to hit its price target and signalled vigilance against inflation risks, suggesting the next rate hike could be as soon as December.
With underlying inflation roughly hitting the BOJ's 2 per cent target, the central bank must focus on anchoring it around that level, it said, stressing anew that its policy has entered a new, more hawkish phase open to raising rates once every few months.
Following are excerpts from Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters:
ON KEEPING RATES STEADY:
"We saw the need to scrutinise a bit more economic and price risks, as well as financial conditions. But underlying inflation has reached levels consistent with our price target. Financial conditions remain accommodative. There are various upside risks. We must therefore be vigilant to the risk of inflation overshooting our target."
UNDERLYING INFLATION:
"We will look at various indicators but more importantly, what kind of mechanism is behind price moves. We will focus particularly on whether medium- and long-term inflation expectations are anchored around our target."
SUSTAINABLY ACHIEVING PRICE TARGET:
"Our goal is to sustainably and stably achieve our price target. In that sense, we haven't reached our goal yet. It's important to anchor underlying inflation around our target. That doesn't mean we will just sit and wait. We will adjust monetary policy as appropriate so that underlying inflation becomes anchored around 2 per cent."
UPSIDE RISKS:
"There are still upside price risks we cannot ignore. But I won't say the risks have increased sharply from, say, one month ago."
"It's true Japan's inflation expectations have yet to be anchored around our target. By taking appropriate monetary policy adjustments, we can make progress in achieving this particularly given upside price risks."
LIKELIHOOD OF BASELINE SCENARIO:
"We will look at the likelihood of our baseline scenario being achieved, as well as risks, at each policy meeting including at our next meeting."
CUMULATIVE IMPACT OF RATE HIKES:
"When our policy rate reaches levels deemed neutral to the economy, we can respond to both upside and downside risks. It's hard to judge when we can judge it as such. Among factors we will look at is the cumulative impact of our past interest rate hikes. That's why we must scrutinise financial conditions."
PRICE PRESSURE BROADENING TO CONSUMERS:
"Looking at various data, most of them were showing underlying inflation converging around 2 per cent ... We've already seen clear signs that rising energy and raw material costs from the Middle East conflict were pushing up business-to-business prices. Looking at September and October data, the upward pressure is now broadening to consumer price data. Such factors work to push up underlying inflation."
ON FUTURE PACE OF RATE HIKES:
"On the one hand, we will look at how big the risk of underlying inflation overshooting could be. On the other hand, we need to look at how accommodative financial conditions are. We must look comprehensively at such factors. The pace (of future rate hikes) will depend much on upcoming data. We can't decide in advance how many months we will spend each time before raising rates."
UNDESIRABLE FOR INFLATION TO RISE SIGNIFICANTLY:
"In the past, we could afford to allow underlying inflation to rise. With underlying inflation having reached 2 per cent, it's undesirable for inflation to rise significantly. That's why we must respond appropriately to upside price risks."
ON FINANCIAL CONDITIONS:
"We would like to adjust our policy rate as appropriate and bring financial conditions closer to neutral ... We need to cautiously look at financial conditions as what we see now may not necessarily fully reflect the cumulative impact of past rate moves."
ON ACTING PRE-EMPTIVELY AND QUICKLY:
"We're not there yet. We still need to work towards narrowing the gap between our policy rate and the neutral rate, and adjust the degree of monetary accommodation."
ON WAGE NEGOTIATIONS
"For underlying inflation to become anchored at 2 per cent, we need to see wage negotiations between firms and unions conducted on the assumption that inflation will move around 2 per cent. This year's consumer inflation may average 2 per cent or could be somewhat lower, so we need to see how this could affect next year's wage talks."
MACRO & FED
Newsonjapan.com
31 Oct 2026 · 14:31
BOJ Says Underlying Inflation Has Effectively Reached 2% Target for First Time
The Bank of Japan announced on October 30th that underlying inflation has effectively reached its 2% target for the first time since the goal was introduced in 2013, marking a major milestone in the …
The Bank of Japan announced on October 30th that underlying inflation has effectively reached its 2% target for the first time since the goal was introduced in 2013, marking a major milestone in the country's efforts to achieve sustained price growth, while keeping its benchmark interest rate unchanged at 1.25% as policymakers assess the impact of last month's rate increase.
The central bank said in its latest Outlook Report, which provides updated forecasts for economic activity and prices, that the underlying rate of inflation, which excludes temporary factors affecting consumer prices, had reached a level "broadly consistent with the 2% price stability target."
The assessment represents the first time since the BOJ adopted its 2% inflation target in 2013 that the central bank has formally recognized underlying price growth as effectively reaching that level. Unlike headline inflation, which can fluctuate because of temporary increases in food and energy prices, underlying inflation is intended to reflect more persistent price trends across the economy.
At its monetary policy meeting, the BOJ decided by a majority vote to maintain its short-term policy interest rate at 1.25%, following an increase at its previous meeting in September, when it raised borrowing costs for the first time in three months.
The decision to leave rates unchanged was intended to give policymakers more time to evaluate the economic and financial effects of the latest increase before considering additional monetary tightening.
However, board member Hajime Takata proposed raising the policy rate to 1.5%, arguing that underlying inflation had already reached the central bank's price stability target and that monetary policy had entered "a new phase" requiring a faster pace of interest rate increases.
Takata's proposal was rejected by a majority of the policy board, highlighting differences among members over how quickly the central bank should proceed with further tightening.
The BOJ also decided to accelerate the sale of exchange-traded funds, or ETFs, accumulated during years of monetary easing, significantly increasing the pace at which it will reduce its holdings.
Under the new plan, annual ETF sales will rise from approximately 330 billion yen to 860 billion yen in book value terms, more than doubling the previous pace.
The faster disposal schedule is expected to reduce the time required to sell the central bank's ETF holdings from approximately 112 years to 43 years, representing a substantial acceleration in the gradual unwinding of assets purchased under earlier monetary stimulus programs.
The ETF sales are part of the BOJ's broader effort to normalize monetary policy after more than a decade of extraordinary measures designed to combat deflation and encourage economic growth.
With underlying inflation now considered broadly consistent with its long-standing target, the central bank is expected to continue raising interest rates to prevent excessive price increases and maintain inflation at a sustainable level of around 2%.
Attention is now turning to BOJ Governor Kazuo Ueda's afternoon news conference on October 30th, where investors and economists will closely examine his comments for indications of how quickly further interest rate increases may follow.
Ueda's assessment of inflation risks and the effects of previous tightening will be particularly important as the central bank moves from trying to achieve its inflation target toward ensuring that price growth remains stable without placing excessive pressure on economic activity.
Source: TBS