Bitcoin Tests $80K as Global Selloff Wipes $100B From Crypto
Bitcoin traded around the $80,000 level after a broader crypto selloff, and one brief market snapshot said the total crypto market value had dropped by more than $100 billion. Separate coverage tied the move to a hotter-than-expected U.S. inflation reading on October 15 and noted that Bitcoin fell below $80,000 before recovering slightly.
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Bitcoin holders, crypto traders, and broader market participants saw a sharp move around $80,000, while equity markets in South Korea and Japan also posted steep declines. The same period included a crypto market value drop of more than $100 billion and a risk-off move that extended beyond digital assets.
Before this move, Bitcoin had still been trading above $80,000; afterward, one report put the low below that level and then slightly higher again. What changed in practice is the price range that traders saw during the day, while the broader market response still included the same inflation-linked reaction described in both pieces.
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