Bitcoin has been highly volatile recently. On October 9, it fell below $80,000 for the first time in a month, then quickly rebounded to around $83,000. But the rally failed to hold, and it is now hovering around $81,500.
Higher-than-expected inflation data, declines in South Korean and Nikkei stocks, and uncertainty stemming from geopolitical tensions have fueled risk aversion, putting renewed pressure on Bitcoin. On Friday, it briefly surged toward $83,000 before facing another sell-off.
Meanwhile, altcoins have broadly weakened. XRP has retreated to $1.30, while ZEC fell more than 5% after meeting resistance near $1,200.
Bitcoin’s total market capitalization has now fallen to around $1.63 trillion, and its market dominance has slipped below 60%.#比特币短期持有者持仓升至408万枚
Higher-than-expected inflation data, declines in South Korean and Nikkei stocks, and uncertainty stemming from geopolitical tensions have fueled risk aversion, putting renewed pressure on Bitcoin. On Friday, it briefly surged toward $83,000 before facing another sell-off.
Meanwhile, altcoins have broadly weakened. XRP has retreated to $1.30, while ZEC fell more than 5% after meeting resistance near $1,200.
Bitcoin’s total market capitalization has now fallen to around $1.63 trillion, and its market dominance has slipped below 60%.#比特币短期持有者持仓升至408万枚