Bitcoin traded above the $83,000 level on Sunday, even as the cryptocurrency market faces ongoing pressure and concerns regarding the liquidation of leveraged trading positions; the asset remains down approximately 34% from the record high it set in October 2025.
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Bitcoin rose slightly by 0.2% to reach $83,066.20, having recovered after dropping to $80,308 last week, according to data from the CoinMarketCap platform.
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These movements in the digital currency occur amidst renewed fears of widespread liquidations across the cryptocurrency market. This follows a major liquidation event on October 10, 2025, when Bitcoin fell from around $122,000 to $105,000 after US President Donald Trump announced broad tariffs on Chinese imports—a move that triggered the liquidation of trading positions worth over $19 billion and affected approximately 1.6 million trading accounts.
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Meanwhile, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded outflows exceeding $700 million this week, reflecting continued investor caution regarding the digital currency. In the broader cryptocurrency market, Ethereum rose 0.40% to $2,508.16, while XRP fell 1.05% to $1.3961, Solana dropped 0.40% to $109.72, BNB declined 0.38% to $748.29, and Cardano fell 2.29% to $0.2479.
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Dogecoin and Shiba Inu declined by 1.28% and 1.82%, respectively, while the "Trump" coin remained virtually unchanged.
