News
Bitcoin Drops to $80K
Bitcoin's price dropped to just over $80,000, testing a key support level for the first time in nearly a month. The decline was influenced by significant declines in Asian equity markets and the release of higher-than-expected September CPI data, which increased concerns about potential Fed rate hikes. The overall market saw nearly $1 billion in liquidations, with Ethereum experiencing significant losses and contributing to a rise in leveraged positions.