Bitcoin's price fell to around $79,146 on October 24, breaking below the $80,000 support level due to accelerated liquidations of leveraged positions, with over $810 million wiped out in a day. This sharp decline has fueled bearish predictions, including Peter Schiff's forecast of a drop to $75,000, especially worrying ETF investors who cannot trade over the weekend. The selloff is compounded by weak institutional demand, with U.S. spot bitcoin ETFs seeing significant outflows, and broader market pressures from rising oil prices and upcoming Federal Reserve meetings. The key question now is whether Bitcoin can recover above $80,000 before ETF trading resumes on Monday.
Bitcoin price movements are the subject, with Pluang market data as context for readers. As of Oct 25, 2026 00:21 WIB, among 50 major cryptocurrencies on Pluang, 45 fell and only 4 rose today. Notable movers include AXS at Rp16.785 with a 1-day change of -7.98%, SUSHI at Rp3.607 down -7.82%, and ENJ at Rp448 down -7.56%, with ENJ showing 100% sell order activity, the most notable figure.
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