Bitcoin lost more than 7% of its value in October for the first time in 12 years.

The cost of bitcoin decreased by 7.32% in October 2026, which was the most significant drop in the cryptocurrency for this month since 2014. This was confirmed on November 3 by data from the Coinglass analytical platform.

The last time bitcoin saw a more significant decline in October was in 2014, when its value fell by 12.57%. The cryptocurrency also showed negative dynamics in October 2018, losing 4.65%, and in 2025, when the decline was 3.95%. In the remaining years of the period under review, bitcoin ended October with growth.

At the same time, since the beginning of 2026, the cryptocurrency has repeatedly shown negative monthly results. In June, bitcoin fell by 20.41%, in May — by 3.57%, in February — by 14.79%, and in January — by 10.16%.

A decrease in October was also recorded for Ethereum (ETH), the value of which fell by 16.06%. For this cryptocurrency, the October drop was the most significant since 2016, when it lost 16.84%.

Previously, Ethereum ended October in the red in 2018, having fallen in price by 15.23%, in 2024 — by 3.35%, and also in 2025, when the decline was 7.21%.

Exchange for hacking: how the attack on Binance affected the global cryptocurrency market

Hackers stole $6.3 billion worth of assets, triggering the fall of bitcoin and other digital currencies.

The Binance crypto exchange reported a hacker attack on October 30. Against this background, a noticeable drop in the price of bitcoin and Ethereum was recorded, and representatives of the exchange itself issued an appeal in which they assured that there was no threat to users' funds after the hack, the damage from which, according to preliminary estimates, is approximately $ 6.3 billion.