Bitcoin price drops below $81K as analyst warns of fall to $65K

Bitcoin has fallen below $81,000 on October 15, losing more than 3% in 24 hours as hotter U.S. inflation data, falling Asian stocks, and approximately $483 million in Bitcoin and Ethereum futures liquidations weighed on cryptocurrency markets. Bitcoin fell below $81,000 on October 15 as U.S. inflation concerns triggered another market selloff. CoinGlass data showed roughly $483 million in Bitcoin and Ethereum futures liquidations over 24 hours. Ethereum accounted for $286 million in liquidations, exceeding Bitcoin's reported $197 million during the period. U.S. September inflation reached 3.7%, while South Korea's Kospi fell 8% during Thursday morning trading.

Source: crypto.news