On October 7, 2026, Bitcoin's price fell below $84,000 following a flash crash that liquidated over $400 million in long positions. Despite this, Tom Lee of Fundstrat declared at Token2049 in Singapore that the crypto market is "2 days past the bottom" and may be entering the biggest bull market ever, driven by institutional buying, wealth transfer, digital asset treasury companies, and AI onchain payments. Lee's ether treasury company, Bitmine, has nearly reached its 5% supply cap on ether holdings and plans to stop buying once this limit is hit, potentially reducing a major source of demand for ether. While short-term price drops and ETF outflows occurred, Lee's bullish outlook is based on a multi-month timeframe starting from August 2026.
As of October 7, 2026, 18:01 WIB, Bitcoin trades at Rp1.498.338.091 on Pluang, down 2.83% in one day, showing a notable dip amid the flash crash mentioned in the news. Despite this, Bitcoin's circulating supply is near its maximum at 20.1 million out of 21 million BTC, highlighting limited availability. The market shows a slight tilt toward selling with 53% sell orders versus 47% buy orders, while typical holders keep their positions for about 111 days, indicating moderate-term investor confidence.
Bitcoin price fell 3.5%, failing to break out of its ascending channel and now testing strong support at $84,000. If this support breaks, a further decline toward $73,600 is possible, aligning with key moving averages. Oil prices slipped below their ...
Crypto analyst Gert Van Lagen predicts XRP could break out of a symmetrical triangle pattern, potentially reaching $50 and a $3 trillion market cap. This forecast implies a 3,200% gain from its current $1.5 price, suggesting a major rally after a con...
Bitcoin's price fell sharply below $84,000, dropping over $2,000 in minutes and causing significant losses among major altcoins like MNT, DOT, and UNI. The total crypto market capitalization declined by more than $60 billion within 24 hours, reaching...
Shiba Inu's price fell 4.79% to $0.00000557, showing a sharper decline than Bitcoin and other major coins due to thin market liquidity and low trading volume relative to its market cap. The coin is testing a critical support level at $0.0000055, with...
U.S. spot Bitcoin ETFs recorded $119 million in net inflows on Tuesday, reversing a $90 million outflow from the previous day, even as Bitcoin's price fell from above $86,600 to below $84,000. In contrast, Ether ETFs experienced heavy selling with $2...
