Bitcoin price defies ‘Black Monday’ fears, can the recovery last?
BTC when published $82,728Now $80,577 ▼ −2.60% since it was published
Bitcoin has climbed above $82,000 despite growing warnings of a possible Black Monday sell-off, as crypto investors weigh rising social media concerns against recent ETF withdrawals and signs of recovery in the broeder market. According to CoinGecko, Bitcoin traded near $82,795 at press time, gaining 1.13% over the previous 24 hours while remaining 1.37% lower over seven days. The cryptocurrency recorded approximately $25.4 billion in daily trading volume, with its market capitalization standing near $1.66 trillion. The recovery followed a difficult week for financial markets, during which Bitcoin briefly fell below $80,000. Technology stocks faced selling pressure, oil prices remained elevated, and investors continued assessing the possibility of tighter monetary policy. However, Bitcoin finished October 18 near $82,000 despite predictions that October 19 could bring another major market decline.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
