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      Bitcoin Experiences Decline as Market Sentiment Shifts to Neutral

      As of October 12, 2026, Bitcoin's trading range has narrowed to between $82,400 and $83,600, following a dip to approximately $80,337 on October 8. This decline marks a 3% decrease over the week, influenced by a cooling market sentiment reflected in the Crypto Fear and Greed Index, which has dropped to 56 from a peak of 82 in August.

      The recent downturn is attributed to significant outflows from U.S. spot Bitcoin exchange-traded funds (ETFs), which experienced a net withdrawal of $484.9 million on October 7-8, the largest single-day outflow since June. Notably, BlackRock's IBIT ETF accounted for about $207.7 million of these redemptions, indicating a cautious stance among institutional investors.

      Contributing to the market's volatility, the U.S. 10-year Treasury yield has risen to approximately 5.3%, while Brent crude oil prices have surged above $100 per barrel amid ongoing geopolitical tensions in the Middle East. Despite these pressures, Bitcoin has managed to maintain levels above key moving averages, including the 50-week average at around $77,200, suggesting some resilience in the face of market challenges.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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