Bitcoin dropped below its 50-day moving average for the first time since August, falling to around $80,698. This break was triggered by geopolitical concerns after President Trump hinted at a possible operation against Iran, which, along with rising oil prices, caused a sharp market sell-off. Over $318 million in long Bitcoin positions were liquidated in 24 hours, contributing to a broader crypto market decline. Investors now face key upcoming events including the Federal Reserve meeting on Oct. 28 and inflation data on Oct. 29, which could further influence Bitcoin's direction.
Bitcoin trades at Rp1.457.185.089 on Pluang as of Oct 24, 2026 17:41 WIB, down 1.30% in the last day. The market shows a strong buy interest with 64% of orders on Pluang being buy orders. Bitcoin's circulating supply is 20.1 million out of 21 million total coins, with a 24-hour trading volume of Rp396.13 trillion.
NEAR Protocol (NEAR) experienced the largest 24-hour decline among major cryptocurrencies, falling 8.93% to $4.47. Other notable drops included Bitcoin down 1.28% to $80,495, Ether down 1.38% to $2,360.57, and XRP down 3.45% to $1.28. These declines ...
Ethereum's deflationary advantage over Bitcoin is weakening as ETH burning rates have dropped sharply and annual supply growth nears Bitcoin's level. However, increased on-chain activity, including higher Ethereum Velocity, more active addresses, and...
Bitcoin retreated after approaching the $85,000 mark, a resistance level identified by analysts. Traders are cautious ahead of the Federal Reserve's Oct. 27-28 meeting, where the consensus expects interest rates to remain unchanged. This pause in rat...
James Wynn opened a 40x leveraged short position of 0.4947 Bitcoin on the Hyperliquid platform on October 23, with the position valued at approximately $40,500. The liquidation price for this trade was set at $82,671.48. This move comes 49 days after...
Bloomberg Intelligence strategist Mike McGlone said that market expectations of three Federal Reserve rate hikes are creating a headwind for Bitcoin, gold, and copper. He warned that Bitcoin could drop to $10,000, linking this potential decline to a ...
