On 8 October 2026, the crypto market plunged with Bitcoin dropping 2.9% to $80,986, and altcoins like Ethereum and XRP falling even harder. The crash was driven by three main factors: the Federal Reserve signaling potential further rate hikes, a rapid $546 million liquidation of leveraged long positions, and significant outflows from institutional Bitcoin ETFs combined with large BTC transfers by US government-linked wallets. This combination triggered a broad selloff, especially impacting altcoins more severely due to thinner order books and higher retail leverage. Investors now watch upcoming US inflation data and Fed meetings for market direction.
Bitcoin trades at Rp1.453.117.161 on Pluang, down 2.67% as of Oct 08, 2026 23:13 WIB. Ethereum and XRP also fell sharply, with prices at Rp43.510.137 and Rp24.185, down 5.30% and 5.74% respectively. Pluang users show a buying bias, with 63% buy orders for BTC and 68% for ETH, despite the recent market drop.
Following a $6.3 billion hack at Binance, a trading expert warns Bitcoin could fall to $68,000 if it loses its daily 100-day moving average support. Bitcoin is currently trading below its 50-day moving average, indicating short-term bearish pressure,...
Solana (SOL) saw the biggest 24-hour increase in open interest among five major crypto perpetual futures markets, rising 3.19% to $834.3 million. Bitcoin (BTC) maintained the largest total open interest at $7.53 billion, up 1.48%. Ether (ETH), XRP, a...
In the latest 24-hour crypto market update, Bitway (BTW) experienced the steepest drop, falling 20.65% to $1.18, continuing its downward trend from the previous day. Conversely, Stacks (STX) led gains with an 8.50% rise to $0.301. Other notable mover...
Bitcoin is currently testing the average break-even price of short-term holders, showing resilience despite a recent hot-wallet attack on Binance. Analyst Axel Adler Jr. noted that the market's response to this incident has been relatively muted comp...
Bitcoin fell below its daily lower Bollinger Band at $77,617, trading around $77,326 and down 1.33% over 24 hours. Technical indicators like stochastic readings below 20 suggest weak momentum, though they do not confirm a trend reversal. The relative...
