📃 Oct 18, 2026 – USA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Trending Down

The crypto market is clearly trending down, with prices and trading volumes for major assets falling. Bitcoin’s price slipped 0.55% on October 17, hitting $81,560.95, with its 24-hour variation at -0.57%. That’s after a 2.25% gain on October 16, when it traded at $82,010.19. Ethereum and Binance Coin also saw drops on October 17, down 1.23% and 1.00% respectively. This consistent negative movement across leading cryptocurrencies points to a broad market retreat, potentially suggesting low confidence in an upward reversal over the next 8 hours.

Market capitalization and trading volumes confirm this bearish sentiment. On October 18, Bitcoin’s capitalization fell 0.15% to $1.63 trillion, and its 24-hour volume plunged 49.41% to $14.33 billion. Ethereum’s capitalization dropped 0.81% to $293.25 billion, with volume down 48.46% to $6.41 billion on the same day. Ripple’s volume contracted 40.50% and Binance Coin’s fell 24.69% on October 18. These sharp declines in trading activity, following even larger drops on October 17, signal reduced market participation and buying pressure. That typically precedes or accompanies further price depreciation.

Coinstats.app’s Fear and Greed Index shifted from ‘greed’ (51pt on October 16) to ‘fear’ (48pt on October 18). Alternative.me and Milkroad.com still show ‘greed’ at 53pt on October 18, though that’s down from 63pt on October 16. This divergence, with one source indicating fear, suggests growing apprehension among market participants. Bitcoin’s hash rate saw a dramatic drop on October 17, falling to 0.00 GB from 1.02T GB on October 16, a -100.00% variation. This points to potential underlying stress or a data anomaly that, if real, would severely impact network security and miner confidence. Given these factors, the market may continue its downward trajectory or stay suppressed short-term, with a cautious outlook suggested for the next 8 hours.

What is important

The crypto market is in a notable downturn, with prices falling and trading volumes significantly reduced for major assets like Bitcoin, Ethereum, and Ripple. Bitcoin’s 24-hour volume dropped nearly 50% on October 18, hitting $14.33 billion, while Ethereum’s volume saw a similar 48.46% decrease to $6.41 billion.

This liquidity reduction is mirrored across major exchanges: Binance’s volume fell 45.84% to $67,519 on October 18, and Coinbase’s volume dropped 53.84% to $8,023. Coinstats.app shows market sentiment shifted from ‘greed’ to ‘fear,’ with a reading of 48pt on October 18.

On-chain data shows total Bitcoin addresses steadily increased to 1,554,235,615 by October 18, 13:00. However, addresses with over 0.0001 BTC saw a slight negative variation of -0.05%, while those with over 0.001 BTC remained flat. The mining hash rate also shows a concerning -100.00% variation on October 17, indicating a potential disruption or data reporting issue worth watching closely.

Top 5 – Latest Headlines & Cryptocurrency News

👎 Bitcoin and Ether ETFs Lose $152M as Blackrock Drives Friday Selloff
– Bitcoin and Ether ETFs experienced a net outflow of $152 million on Friday, primarily driven by BlackRock´s Bitcoin ETF. This significant sell-off indicates a shift in investor sentiment, with outflows concentrated in specific products. The total outflows highlight a challenging day for the cryptocurrency investment landscape.

👍 Coinbase And Marqeta Team Up To Bring Stablecoin Payments To Millions Of Merchants
– Coinbase and Marqeta are partnering to enable stablecoin payments for millions of users. This collaboration aims to integrate Marqeta´s card issuing and payment infrastructure with Coinbase´s stablecoin offerings, potentially revolutionizing how people use digital currencies for everyday transactions and expanding access to crypto payments.

👎 Wall Street Giants Push Back Against Crypto Tokenization Plans As Nine Companies Object
– Major Wall Street firms are reportedly pushing back against plans for cryptocurrency tokenization. This resistance stems from concerns about regulatory clarity and the potential disruption to existing financial systems. The pushback highlights ongoing tensions between traditional finance and the burgeoning digital asset space.

👎 Ethereum ETFs Lose $320 Million In A Week As Bitcoin Outflows Slow
– Ethereum ETFs experienced significant weekly outflows totaling $320 million, contrasting with Bitcoin´s inflows. This trend suggests a shift in investor sentiment away from Ethereum, potentially due to regulatory uncertainties or a preference for Bitcoin as a more established cryptocurrency asset. The outflows highlight a bearish outlook for Ethereum in the short term.

👍 Deutsche Bank Nears Bitcoin Custody Launch As Crypto Push Expands Beyond Europe
– Deutsche Bank is reportedly close to launching its cryptocurrency custody services, signaling a significant expansion of its digital asset offerings. This move aligns with the bank´s broader strategy to embrace the evolving financial landscape and cater to institutional demand for digital assets like Bitcoin.

Factors Driving the Growth – Market Sentiment

News sentiment shows a split focus: ‘stablecoin’ and ‘tokenization’ were the most frequent positive keywords, each appearing 6 times. ‘Coinbase’ (5 occurrences) and ‘Bitcoin’ (4 occurrences) also featured prominently on the positive side, suggesting ongoing interest in institutional adoption and new payment solutions. Conversely, ‘objections’ was the most cited negative keyword with 9 occurrences, primarily linked to Wall Street’s pushback against crypto tokenization plans. ‘Cryptocurrency’ (6 occurrences) and ‘Bitcoin’ (5 occurrences) also appeared frequently in negative contexts, often associated with ETF outflows and regulatory concerns. The prevalence of ‘dogecoin’ and ‘doge’ in negative news (4 occurrences each) points to specific concerns around its ‘death cross’ technical indicator.

Positive Terms – Sentiment Analysis

Negative Terms – Sentiment Analysis

Crypto Investor Fear & Greed Index

The Fear and Greed Index shows market sentiment shifting over the past few days. On October 16, Alternative.me, BitDegree.org, and Milkroad.com all reported a ‘greed’ score of 63pt. By October 17, this dropped to 55pt, and then to 53pt on October 18, according to Alternative.me and Milkroad.com, remaining in the ‘greed’ category. Coinstats.app, however, shows a more pronounced shift: from 51pt (‘greed’) on October 16 to 48pt (‘fear’) by October 18, 00:00:00, then a slight recovery to 50pt (‘greed’) by October 18, 04:00:00. The trend suggests a move from stronger greed towards a more neutral or fearful stance, with some sources already indicating ‘fear’ at 48pt.

Bitcoin: Active Addresses

Bitaps.com’s Bitcoin address indicators show total addresses continuously, if slightly, increasing to 1,554,235,615 by October 18, 13:00. Zero balance addresses also grew, hitting 1,497,018,285 at the same time. Addresses holding over 0.000001 BTC increased to 5,014,748, while those with over 0.00001 BTC held steady at 12,332,486 on October 18, 13:00. Addresses with over 0.0001 BTC saw a small negative variation of -0.05% on October 18, 13:00, while those with over 0.001 BTC remained flat. Addresses with over 10 BTC also saw a slight decrease of 0.01% to 129,739 on October 18, 13:00. Data for ‘Bitcoin Active Addresses’ from btc.com consistently shows 0 for all reported dates, making it an unreliable indicator.

Crypto Assets Prices

Bitcoin’s price hit $81,982.64 on October 18, 13:05, up 0.51% with a 0.59% 24-hour variation. That’s after a dip on October 17, when it traded at $81,560.95 with a -0.55% price variation. Its 24-hour volatility was 1.83% on October 18, down from 2.08% on October 17. Ethereum’s price on October 17, 13:05, was $2,428.49, marking a -1.32% price variation and 3.63% 24-hour volatility. Binance Coin also declined, priced at $720.22 on October 17, down 1.01%, with 1.73% 24-hour volatility. The general trend for these major cryptocurrencies shows recent price declines and reduced volatility compared to earlier in the week.

Cryptocurrency Capitalization and Volume

Major cryptocurrencies saw market capitalization decline and trading volumes drop significantly on October 18. Bitcoin’s capitalization fell 0.15% to $1.63 trillion, while its 24-hour volume plummeted 49.41% to $14.33 billion. Ethereum’s capitalization reduced 0.81% to $293.25 billion, with volume falling 48.46% to $6.41 billion. Ripple’s capitalization was down 1.36% to $81.60 billion, and its volume dropped 40.50% to $873.47 million. Binance Coin’s capitalization decreased 0.52% to $95.51 billion, and its volume saw a 24.69% reduction to $532.69 million. Tether, a stablecoin, maintained relative stability with a 0.01% capitalization increase to $183.51 billion, but its volume also decreased 43.79% to $29.84 billion.

Cryptocurrency Exchanges Volume and Variation

Trading volumes across major crypto exchanges declined significantly on October 18. Binance, the largest exchange, saw its volume drop 45.84% to $67,519. Bybit’s volume decreased 55.31% to $10,538, while Coinbase’s volume fell 53.84% to $8,023. Kraken and Crypto.com recorded even steeper drops: Kraken’s volume was down 64.07% to $5,908, and Crypto.com’s volume decreased 63.20% to $3,773. OKX and Gate.io also saw substantial volume reductions, with OKX down 50.36% to $11,419 and Gate.io down 50.83% to $9,866. Only Binance US showed a volume increase, rising 47.47% to $320, though from a much smaller base. These widespread volume contractions suggest a broad reduction in market trading activity.

Mining – Blockchain Technology

Bitcoin mining difficulty held constant at 132.72T from October 12 through October 18, showing no variation. Mined blocks steadily increased, reaching 971.92K on October 18, with a consistent daily variation of approximately 0.01% to 0.02%. Block rewards also held steady at 3.13 BTC per block throughout the period. A significant anomaly appears in the hash rate data: 958.38B GB on October 18, but 0.00 GB with a -100.00% variation on October 17. This dramatic drop on October 17, if accurate, would represent a complete cessation of reported hash rate for that day, followed by a recovery on October 18. The hash rate was 1.02T GB on October 16, indicating substantial computational capacity prior to the reported drop.

Taking stock

The crypto market is navigating a period of reduced activity and bearish sentiment, with widespread declines in prices and trading volumes across major assets and exchanges. Bitcoin, Ethereum, and other top cryptocurrencies have seen market capitalizations shrink, accompanied by significant drops in daily trading volumes,sometimes 50% or more on October 18. This suggests a contraction in liquidity and investor engagement.

Market sentiment is also shifting, with the Fear and Greed Index moving from ‘greed’ towards ‘fear’ according to some sources. This psychological shift, coupled with reduced trading, indicates market participants are becoming more cautious. News headlines reflect this duality: positive developments in stablecoin payments and tokenization are overshadowed by concerns over ETF outflows, regulatory objections to tokenized shares, and a ‘death cross’ technical indicator for Dogecoin.

Bitcoin’s on-chain data shows a growing total number of addresses, but addresses holding over 0.0001 BTC saw a slight negative variation, while those with over 0.001 BTC remained flat. Mining difficulty remains stable, but a reported -100.00% hash rate variation on October 17 contrasts sharply. If not a data error, this would be a critical indicator of network health. These factors collectively show a market under pressure, with reduced confidence and a cautious outlook dominating the immediate landscape.

So What

For anyone watching the crypto market today, the immediate implication is heightened caution. Widespread declines in trading volumes on exchanges like Binance (down 45.84% to $67,519 on October 18) and Coinbase (down 53.84% to $8,023) suggest market liquidity is thinning. This makes large trades potentially more impactful on price and could lead to increased volatility if significant buy or sell orders come through.

Coinstats.app’s Fear and Greed Index shifted to ‘fear’ at 48pt on October 18, indicating many participants feel apprehensive. This sentiment can lead to further selling pressure or a reluctance to enter new positions. The reported -100.00% hash rate variation on October 17 in Bitcoin mining, even if a data anomaly, points to potential unexpected disruptions that could impact network stability and investor confidence.

News of Bitcoin and Ether ETFs losing $152 million on October 18 and Ethereum ETFs losing $320 million in a week signals a withdrawal of institutional capital, which often precedes broader market downturns. This outflow suggests even larger players are re-evaluating their positions, making it a challenging environment for sustained price recovery.

What next?

Over the next 8 hours, watch Bitcoin’s price action around the $81,560.95 level (its October 17 price). A break below this could signal further declines. Bitcoin’s 24-hour variation, which was 0.59% on October 18, will be a key indicator of immediate momentum. A sustained negative variation would reinforce the downward trend.

Keep an eye on Coinstats.app’s Fear and Greed Index. If it drops further below 48pt, that confirms deepening ‘fear’ sentiment. Conversely, a move back into the ‘greed’ zone (above 50pt) could signal a short-term sentiment shift. Trading volumes on major exchanges like Binance and Coinbase are also crucial. A continued reduction below their October 18 levels of $67,519 and $8,023, respectively, would suggest further drying up of liquidity.

The reported -100.00% hash rate variation for Bitcoin mining on October 17 requires urgent clarification. Any official statements or data corrections regarding this figure over the next 8 hours will be critical. If this drop is confirmed as real, it’s a significant negative signal for network security and miner confidence. Conversely, if it’s a data error, a correction could alleviate some market anxiety.

Disclaimer – Informational Content, Not Investment Advice

Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.

About the Author: CryptoTrends Team

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