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Bitcoin trades near USD 81,150 after losing USD 82,000.
Zcash led the top 12 losers with an 11.7% drop.
Crypto liquidations neared USD 1 billion in 24 hours.
Bitcoin trades near USD 81,150 after hotter US inflation data shook risk appetite. Heavy selling pushed the price below USD 82,000 on high volume. Total crypto market value fell roughly 3% in 24 hours.
Leveraged traders took the biggest hit, with liquidations near USD 1 billion in 24 hours. Sentiment still reads neutral, so the market has not turned fully fearful. Traders now eye US producer price data for the next macro cue.
Bitcoin trades at USD 81,152.82, down 2.6% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.63 trillion. The coin has gained 1.4% over the past seven days.
Below is today's quote roundup from leading crypto desks on Bitcoin's near-term structure.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin slipped 2% to nearly USD 81,500 after CPI hit 3.7%. The 10-year Treasury yield climbed to 5.33%, while October Fed hike odds jumped to 54%. Support now sits at USD 80,000, with resistance at USD 85,000.
Purvang Mashru, Lead Analyst at BitDelta India, said Bitcoin fell 2.1% to about USD 81,484 and Ethereum lost 3.6%. Chainlink dropped 4.5%, Cardano lost 4.2% and Avalanche declined 3.9%. Support sits near USD 81,295 and USD 81,000, with resistance at USD 82,000 and USD 83,000.
Riya Sehgal, Research Analyst at Delta Exchange, said markets remain risk-off after hotter US inflation. CoinGlass data shows roughly USD 944 million in liquidations over 24 hours, while Bitcoin volatility jumped toward 39. She sees USD 80,000 to USD 80,700 as critical support, with USD 82,000 needed to improve structure.
Also Read: What Does a Bitcoin Hard Fork Do? A Detailed Guide
Nischal Shetty, Founder of WazirX, said Bitcoin consolidates between USD 81,200 and USD 82,250 with a neutral RSI. Ethereum ETFs drew USD 24.84 million, ending a ten-session withdrawal streak. He adds that both assets holding key levels point to steady spot demand.
Source: CoinGecko, prices as of today's session.
Zcash led the losers with an 11.7% drop to USD 1,103.43. Ethereum followed with a 5.2% decline, while Dogecoin lost 4.8% and XRP slipped 3.7%. Figure Heloc was the lone gainer at 1.3%. Tether and USDC held steady near USD 1.
September CPI rose 3.7% year over year, above the 3.6% forecast, with core inflation at 2.6%. Bitcoin broke below USD 82,000 on heavy volume. October Fed hike odds briefly jumped from 22% to roughly 50%, rattling risk assets worldwide.
The Philadelphia Semiconductor Index fell over 4%, its sixth straight daily loss, while Nasdaq declined 1.88%. Bitcoin followed equities lower as traders trimmed risk across asset classes. Fresh macro data will decide whether the selling extends or stabilizes.
The European Banking Authority designated USDC as the first significant e-money token under MiCA. Issuers of larger stablecoins now face tougher reserve and liquidity rules. The label signals closer supervision across European markets for dollar-pegged tokens.
Regulatory clarity can draw institutional users toward compliant stablecoins. USDC carries a market cap near USD 72.68 billion on CoinGecko. Stablecoin supply remains a key liquidity gauge, so traders track issuance closely during volatile sessions.
Standard Chartered received authorization from Dubai's Virtual Assets Regulatory Authority to offer Bitcoin and Ether trading. Wealthy clients in the UAE are the first target segment for the service. Regulated access gives the bank a clearer path into digital asset distribution.
Traditional lenders entering regulated crypto trading widen the institutional access channel. Such moves rarely lift prices immediately, though they build steady demand over time. This demand can cushion Bitcoin and Ethereum during weak sessions like today.
The US SEC approved Cboe to list binary options based on key performance indicators of public companies. CoinDesk reports the contracts include names tied to Coinbase, Robinhood and Marathon. The approval opens a new product category for crypto-linked equities.
Crypto-linked equities now gain a regulated hedging tool. Binary contracts offer defined risk, which suits a volatile tape. Traders can express views on company metrics without buying the shares directly, so participation could widen.
South Korea's National Tax Service plans to publish virtual asset taxation standards in November. Crypto taxation is scheduled to begin in January next year. The notice should clarify reporting duties for local investors. Market participants will study it closely.
France plans to extend its 31.4% capital gains tax to transactions involving EU-regulated stablecoins starting next year. Clearer tax regimes improve compliance, though higher costs could cool short-term trading in both markets. Investors should watch final rules for exemptions.
Also Read: Coinbase Urges Bitcoin Quantum Security Upgrade Before Threats Emerge
Bitcoin trades near USD 81,150, with USD 81,000 to USD 81,300 acting as the first support band. A break below USD 80,000 could expose USD 78,000 to USD 79,500. Resistance sits at USD 82,000, followed by USD 83,000. US PPI data today is the next catalyst. Investors should favor staggered entries, modest sizing and low leverage.
1.What is the Bitcoin price today?
Bitcoin trades at USD 81,152.82, down 2.6% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.63 trillion, while 24-hour trading volume reached USD 39.80 billion.
2.Why is crypto down today?
Crypto fell after US September CPI rose 3.7%, lifting Fed hike odds. Liquidations neared USD 1 billion as Bitcoin lost USD 82,000. Ethereum led large-cap losses with a 5.2% decline.
3.Which coins fell the most today?
Among the 12 largest coins, Zcash dropped 11.7%, Ethereum fell 5.2% and Dogecoin lost 4.8%. Figure Heloc was the lone gainer at 1.3%, while Tether and USDC stayed flat near USD 1.
4.What should investors watch this week?
Track Bitcoin support near USD 81,000 and US PPI data today. Waller speaks on October 16, while the October 28 Fed meeting looms. Bitcoin must reclaim USD 82,000 to improve momentum.
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