Bitcoin price drops below $81K as analyst warns of fall to $65K
BTC when published $80,487Now $80,577 ▲ +0.11% since it was published
Bitcoin has fallen below $81,000 on October 15, losing more than 3% in 24 hours as hotter U.S. inflation data, falling Asian stocks, and approximately $483 million in Bitcoin and Ethereum futures liquidations weighed on cryptocurrency markets. CoinGecko reported Bitcoin trading near $80,664 during Thursday’s Asian session, down 3.21% over the previous 24 hours and 2.53% over seven days. The cryptocurrency recorded approximately $40.43 billion in daily trading volume and a market capitalization of $1.62 trillion. Meanwhile, derivatives data showed that Ethereum traders faced heavier forced liquidations than Bitcoin traders during the same period. Bitcoin’s decline followed the release of stronger-than-expected U.S. inflation figures on Wednesday, which renewed concerns about the Federal Reserve’s interest rate plans. The U.S.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
