Bitcoin traded above $81,800 while XRP stayed below $1.30 as U.S. midterm elections approach. U.S. spot Bitcoin ETFs lost $82.39 million in a day, and Bitcoin faces resistance near $82,000.
Bitcoin traded above $81,800, according to CoinGape, while XRP struggled below $1.30. Recent recovery attempts for both assets lost momentum as the midterm elections drew closer.
Bitcoin ETFs lose $82.39 million in a day
U.S. spot Bitcoin ETFs lost $82.39 million on October 16, including $71.78 million withdrawn from BlackRock's IBIT. Separately, XRP ETFs recorded $1.84 million in weekly outflows, ending 13 consecutive weeks of positive flows.
Meanwhile, Michael Saylor posted "We found room for more orange," which renewed speculation about another Bitcoin purchase by Strategy. The company reports 848,250 BTC, while the size and timing of its next purchase remain undisclosed.
Election and policy dates on the calendar
Voters go to the polls on Tuesday, Nov. 3, 2026, electing all 435 House members and 35 senators. The Federal Reserve then meets October 27–28, with its decision due October 28 at 2:00 p.m. Eastern.
In addition, the SEC's proposed crypto framework remains open for comments until October 20.
Price levels to watch
Bitcoin faces resistance near $82,000, and $82,500 could become a recovery target if buyers secure a sustained breakout. Support sits near $81,000, and a breakdown could lead to $80,700 and then $80k.
XRP is consolidating around $1.29, with support at $1.27 and resistance between $1.31 and $1.32.
Source: CoinGape
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