Bitcoin plummets below $80,400, snapping its recent rally.
The market update on Friday showed Bitcoin up 2% near $86,000, then slipping below $84,000, briefly testing $87,000 resistance, and crashing to under $80,400—the lowest level since September 21.
Over the week Bitcoin fell more than 3%, while Ethereum dropped 8% and XRP fell 8.6%; the total crypto market cap shrank by over $150 billion to $3.050 trillion, with BTC dominance at 56.6%.
Strategy’s treasury hit a record 848,000 Bitcoin, marking its third consecutive purchase.
With September CPI data due Wednesday, volatility is expected to rise.
What do you think the CPI release will mean for Bitcoin’s next move?
#Bitcoin #Crypto #CPI #MarketCap #FinTech
The market update on Friday showed Bitcoin up 2% near $86,000, then slipping below $84,000, briefly testing $87,000 resistance, and crashing to under $80,400—the lowest level since September 21.
Over the week Bitcoin fell more than 3%, while Ethereum dropped 8% and XRP fell 8.6%; the total crypto market cap shrank by over $150 billion to $3.050 trillion, with BTC dominance at 56.6%.
Strategy’s treasury hit a record 848,000 Bitcoin, marking its third consecutive purchase.
With September CPI data due Wednesday, volatility is expected to rise.
What do you think the CPI release will mean for Bitcoin’s next move?
#Bitcoin #Crypto #CPI #MarketCap #FinTech