Bitcoin Price Crash Below $80K: Liquidations, ETF Outflows and Fed Uncertainty

Bitcoin fell below $80,000 on Saturday, October 24, as forced liquidations and fund withdrawals increased selling pressure. The cryptocurrency dropped 1.91% over 24 hours to $79,994.97 during the initial decline. Meanwhile, upcoming Federal Reserve decisions, US economic data, and tensions involving Iran added pressure across digital asset markets. The decline pushed Bitcoin below a key psychological price level for the first time since October 15. Leveraged traders faced mounting losses as falling prices reduced the value of their positions. At the same time, withdrawals from Bitcoin exchange-traded funds signaled reduced exposure through regulated investment products.

Source: Crypto Breaking News