--- title: "Why did Bitcoin drop 4.1% on October 29, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/bitcoin/2026-10-29" date: 2026-10-29 --- # Why did Bitcoin drop 4.1% on October 29, 2026? On October 29, 2026 (UTC), BTC went from about $81,347.90 to $77,981.80 (-4.14%) on Gate · USDT, trading between $77,912.30 and $81,965.50. Most other tracked coins moved the same way, so this looks like a market-wide move. This is BTC's largest 24-hour fall in 29 days. 20 BTC reports are on the timeline below: 18 published before the largest hourly move and 2 during or after it. Timing alone does not show what caused the move. - Day open / close: $81,347.90 → $77,981.80 (24 hourly candles, Gate · USDT) - Day range: $77,912.30 – $81,965.50 - Versus the past month: Its largest 24h fall in 29 days; -4.14% in the 24 hours to Oct 30, 2026, 00:00 UTC, 5.1× a typical day (0.8%). - 30-day range: 10.6% below the high · 0.1% above the low; From hourly highs and lows on the same venue - 24h volume: 1.6×; of its prior 30-day daily average - Perpetual swap: funding positive · open interest rising; OKX perpetual swap BTC-USDT-SWAP Computed from Gate · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. ## BTC timeline around October 29, 2026 Largest closed hourly move: -2.46%, Oct 29, 2026, 20:00–21:00 (UTC). - Oct 28, 2026, 03:00 UTC (before the largest hourly move): [Datavault AI says it cannot withdraw its Bitcoin from Biconomy, shares fall 50%]() · The Block — Datavault AI disclosed in an Oct. 26 Form 8-K that it has been unable to withdraw its Bitcoin from Biconomy since June, Decrypt reported, and its shares fell more than 50% to close at $0.06. - Oct 28, 2026, 04:00 UTC (before the largest hourly move): [Bitcoin Core fixes memory-exhaustion flaw on non-Linux nodes]() · Bitcoin Core — Bitcoin Core released fixes for a Medium-severity flaw in which a malicious peer could send TCP urgent data to exhaust memory on nodes running the select() socket backend, which Bitcoin Core says affects Windows, macOS and BSD but not… - Oct 28, 2026, 04:00 UTC (before the largest hourly move): [Bitcoin Core discloses undo file overflow bug and fixes it in new releases]() · Bitcoin Core — Bitcoin Core disclosed a low-severity bug that lets a miner corrupt other nodes' undo data, causing them to shut down if a reorg of specific blocks follows, or on Windows and 32-bit systems once the affected blocks connect. - Oct 28, 2026, 07:57 UTC (before the largest hourly move): [Bitcoin ETF inflows climb to $176M as BTC rebounds above $80K]() · Cointelegraph — The report said the funds took in $286 million over two days, narrowing October's net outflows to $26 million, while the Crypto Fear & Greed Index remained neutral. - Oct 28, 2026, 11:32 UTC (before the largest hourly move): [Bitcoin rebounds above $81,000 as Asian chip rally lifts crypto markets]() · CoinDesk — Bitcoin rose about 0.8% since midnight UTC to $81,400 on Monday, up from below $80,000 on Tuesday, CoinDesk reported. Ether gained 0.9% and the CoinDesk Memecoin Index advanced 1.3%, while pepe added 9%. U.S. - Oct 28, 2026, 13:46 UTC (before the largest hourly move): [Itaú registers with Brazil's central bank as crypto intermediary and custodian]() · Bitcoin Magazine — Itaú Unibanco, Brazil's largest private bank, has formally registered with the Central Bank of Brazil to intermediate and custody crypto assets under the country's new licensing rules, Bitcoin Magazine reported. - Oct 28, 2026, 15:07 UTC (before the largest hourly move): [Bitwise lifts 2036 bitcoin price target to about $1.6 million]() · Bitcoin Magazine — Bitwise Asset Management raised its 2036 base-case bitcoin price target to $1,599,766 from $1.3 million a year earlier, Bitcoin Magazine reported, citing the firm's 2027 long-term capital market assumptions. Bitwise projects a 34.3%… - Oct 28, 2026, 15:32 UTC (before the largest hourly move): [Strategy shareholders approve daily dividends on four preferred stocks]() · Bitcoin Magazine — Strategy shareholders approved an amendment allowing its STRF, STRC, STRK and STRD preferred stocks to accrue dividends every calendar day, including weekends and holidays, the company announced. - Oct 28, 2026, 17:43 UTC (before the largest hourly move): [2026 crypto hack losses reach $2.35 billion, report shared with Bitcoin Magazine says]() · Bitcoin Magazine — A Lightning.news report shared with Bitcoin Magazine puts net 2026 crypto hack losses at roughly $2.35 billion after freezes and returns, with September alone accounting for about $768 million. - Oct 28, 2026, 21:13 UTC (before the largest hourly move): [APX plans bitcoin-backed mortgages in Canada]() · CoinDesk — APX is preparing to offer bitcoin-backed mortgages in Canada, CoinDesk reported. - Oct 29, 2026, 01:12 UTC (before the largest hourly move): [Analysts say Fed's hawkish rate hold keeps pressure on Bitcoin]() · Cointelegraph — Cointelegraph reported that the Federal Reserve's hawkish rate hold keeps pressure on Bitcoin, with traders pricing in a 78% chance of a December rate hike. - Oct 29, 2026, 10:04 UTC (before the largest hourly move): [Thai Supreme Court rules bitcoin counts as property in robbery case]() · CoinDesk — Thailand's Supreme Court ruled that bitcoin is property, saying it has a market price, can be cashed out and can be held by the public, CoinDesk reported. The court upheld a 10-year sentence for a man who helped the robbers in the case. - Oct 29, 2026, 13:30 UTC (before the largest hourly move): [Tether's USDT to launch on Bitcoin with privacy and Lightning payments]() · Cointelegraph — Cointelegraph reported that USDT is coming to Bitcoin, describing the rollout as offering privacy and Lightning-fast payments. - Oct 29, 2026, 13:36 UTC (before the largest hourly move): [Bitcoin Magazine explains methods for calculating Bitcoin per share]() · Bitcoin Magazine — Bitcoin Magazine published an explainer by Allard Peng on how to calculate bitcoin per share for Bitcoin treasury companies, laying out three measures: raw Bitcoin Per Share, Bitcoin Per Assumed Diluted Share and Net Bitcoin Per Share. - Oct 29, 2026, 13:49 UTC (before the largest hourly move): [HTX agrees to leave UK in settlement with FCA over crypto marketing]() · Bitcoin Magazine — HTX is leaving the UK under a confidential settlement with the Financial Conduct Authority, ending the regulator's first enforcement case over crypto financial promotions, Bitcoin Magazine reported. - Oct 29, 2026, 13:55 UTC (before the largest hourly move): [Quantum model reduces hardware needed to break bitcoin keys by 17 times]() · CoinDesk — CoinDesk reports that a new quantum model by Alice & Bob slashes the hardware required to break bitcoin keys by 17 times, bringing a potential attack closer to reality and increasing pressure to adopt quantum-resistant security sooner. - Oct 29, 2026, 14:15 UTC (before the largest hourly move): [Swiss spot bitcoin ETF gains international access on SIX]() · CoinDesk — CoinDesk reports that Switzerland's first genuine spot bitcoin ETF has won international access through SIX Swiss Exchange, and that FINMA explained why it approved the fund and whether ether and solana ETFs could follow. - Oct 29, 2026, 15:03 UTC (before the largest hourly move): [Bank of Russia approves NAUFOR as first self-regulatory body for crypto exchanges]() · Bitcoin Magazine — The Bank of Russia approved NAUFOR, the National Association of Securities Market Participants, as the country's first self-regulatory organization for crypto exchanges and digital depositories, Bitcoin Magazine reported, citing Interfax. - Oct 29, 2026, 23:06 UTC (after the largest hourly move): [Bitcoin falls below $79,000 as suspected Binance hack roils markets]() · Bitcoin Magazine — Bitcoin dropped below $79,000 as reports of a suspected multibillion-dollar hack at Binance spread, Bitcoin Magazine reported, citing outflows of up to $5.8 billion. Tether CEO Paolo Ardoino said the company froze more than 1.567 billion… - Oct 29, 2026, 23:18 UTC (after the largest hourly move): [Strategy reports record $20.91 billion operating income for Q3 2026]() · Bitcoin Magazine — Strategy posted a record $20.91 billion in operating income for the third quarter of 2026, mostly from a paper gain on its bitcoin stack, Bitcoin Magazine reported. Net income was $19.53 billion, or $44.75 per diluted share, as 848,517… Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-29 (UTC) - [Quack AI (Q) -29.02%]() - [Pons (PONS) -21.29%]() - [Ethena (ENA) -16.29%]() - [NEAR Protocol (NEAR) -14.24%]() - [Raydium (RAY) -12.52%]() [Bitcoin (BTC) price and news]() [Methods and limitations]()