Bitcoin rose 1.00% over the past hour, reaching the level at 2:23 p.m. ET on Oct. 8.
Bitcoin fell around 81200 dollars on October 8, after a low near 80940 dollars, its lowest level in nearly three weeks. The rise in oil and US rates increases the pressure, while tensions around Iran revive inflation fears.
Miner metrics recover while Glassnode identifies large Bitcoin bids around $81,000.
U.S. prosecutors cite the Bitcoin Fog case in arguments for Roman Storm's Tornado Cash trial. Here is what the legal comparison signals.
The U.S. government's cryptocurrency shuffle isn't over. Following two days of bitcoin transfers totaling $770 million, federal wallets moved another 12,267.02 BTC worth approximately $1.01 billion on Thursday. The latest activity also included $94.
Bitcoin price has fallen toward $80,800, bringing its 50-day moving average into focus as a bearish daily MACD crossover and an oversold 4-hour RSI put the $80,000 level under pressure.
Six large transfers moved $512.6 million over nearly three hours ending Oct. 8, with exchange outflows slightly exceeding inflows.
Ether led forced closures with $333 million, while Bitcoin long positions accounted for about $270 million during the 24 hours ending at 1:44 p.m. ET Thursday.
Investors yanked $484.9 million out of spot Bitcoin ETFs in a single day. Oil is near $100, bond yields are at their highest since 2002, and the Fed isn't done hiking.
Bitcoin fell below $80,000 as crypto liquidations exceeded $1.1 billion, with rising oil prices and Treasury yields adding pressure to markets. Bitcoin slides toward $80K as crypto long liquidations top $1 billion.
Bitcoin broke below $81,000 to an intraday low near $80,500, wiping out billions from its market cap. Over $1.1 billion in total crypto positions were liquidated, led by ether with $333 million.
Bitcoin slid below $81,000 on Oct. 8, with an intraday low near $80,800, even as traders expect the Fed to hold in October. The September FOMC minutes, released Oct. 7, said most participants viewed another rate increase by year-end as probable and left decisions dependent on data.