Bitcoin Slides Below $82,000 as Tech Weakness Reverses Market Recovery
Photo: ETHNews
Bitcoin fell toward $81,800 on October 22 after failing to sustain Wednesday’s recovery above $84,000. The OCC finalized its GENIUS Act regulations on October 21, but the banking industry criticized its treatment of stablecoin rewards. ETF inflows have improved, yet Bitcoin remains vulnerable to renewed selling across technology stocks. Bitcoin reversed Wednesday’s recovery on October 22, retreating below $82,000 as renewed pressure on technology stocks overshadowed a significant regulatory development for the cryptocurrency industry. The reversal followed a brief improvement in sentiment that had pushed Bitcoin above $84,000 and Ethereum beyond $2,500 .
Source: ETHNews
