Update
Bitcoin Faces Another Red October as Price Drops 4.2%
Bitcoin's price dropped by 4.2% on Bitcoinist, extending an intraday rebound. Bid liquidity has built around $79,000 and $80,000, suggesting buyers are defending the $80,000 level. Resistance near $82,000 has held firm, and the broader market has supported the bounce, with the South Korea's KOSPI Composite Index closing 6.6% higher and the US Nasdaq Composite closing up 1.1%.