Altcoins rally on thin trading as bitcoin holds below $83,500

Related tickers and likely impact

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

• Crypto Market Ends Week Under Pressure from Inflation and Capital Outflows Fixygen Review

  Crypto markets ended the week under pressure from hotter U.S. inflation data and outflows from spot ETFs. Bitcoin traded near $82,000 and Ethereum around $2,450 after U.S. CPI rose 0.6% month over month and 3.7% year over year, with PPI up 1.3%. Over four sessions, U.S. spot Bitcoin ETFs saw net outflows of about $146 million and spot Ethereum ETFs lost about $250.4 million, a combined total of roughly $396.4 million. MSCI will change its rules to exclude companies whose financial characteristics resemble investment funds, effective after the November review, with the final list due November 11. Strategy and Metaplanet are among the affected firms, and Strategy shares fell more than 4% on October 16. Meanwhile, Strive Inc. reported Bitcoin reserves estimated at about 35,595 BTC after two announced purchases.

  fixygen.ua·16/10, 23:15▼ BTC/USDT▼ ETH/USDT▼ SOL/USDT▼ BNB/USDT
• Ethereum, Altcoins See 'Outsized Drawdowns' Due to Macro Pressures

  Ethereum, XRP and Solana fell more sharply than Bitcoin on the day, cutting total crypto market cap 2.5% to $2.8 trillion. Ethereum dropped 5.5% to $289 billion, XRP fell 5.1% to $82.4 billion, Solana slipped 3.8% to $60.6 billion, and Bitcoin lost 3.1% to $1.6 trillion. Experts cite macro pressure, including 3.7% annual consumer inflation and a 28% chance of an October rate hike on the Myriad prediction market. Derive.xyz's Nick Forster said hedging on his platform doubled as whales pulled back from spring bets, while Bitwise's Max Shannon noted $8 billion less altcoin futures open interest since early October as traders took profits. CoinShares' Luke Nolan said altcoins are most sensitive to tighter liquidity and a strong dollar, and a Bitcoin move above 80k could spark a sharp altcoin rebound.

  Decrypt·15/10, 14:27▼ ETH/USDT▼ BTC/USDT▼ SOL/USDT▼ XRP/USDT
• Why Is Crypto Down Today ? Nearly $1 Billion in Leveraged Positions Just Got Wiped Out .

  Nearly $1 billion in leveraged crypto positions were liquidated as Bitcoin, Ethereum, XRP and most of the 26 largest cryptocurrencies tracked fell sharply. Bitcoin dropped 3.2% to $80,957, Ethereum fell 5.8%, Solana 4.9%, and total market capitalization fell 5.5%, with smaller coins such as Zcash down 12.6%. The article links the forced selling, a liquidation cascade, to broader pressures including an 8% drop in South Korea's KOSPI, U.S. inflation at 3.7%, and net outflows of $261.46 million from spot Bitcoin funds on October 14. Bitcoin is hovering near the $80,000–$81,000 support zone, and the article flags the 50-week moving average at $76,618 as the next level to watch if prices fall further.

  247wallst.com·15/10, 14:15▼ BTC/USDT▼ ETH/USDT▼ SOL/USDT▼ XRP/USDT
• Bitcoin holds above $80,000 as Asian stock rout drags altcoins lower

  Bitcoin dipped to just above $80,000 around 02:30 UTC, near its Oct. 8 low, before recovering to about $81,200, down roughly 0.5% since midnight UTC. A sharp selloff in Asian equities, with South Korea's Kospi plunging 8% and triggering circuit breakers, and a roughly 1% drop in Nasdaq 100 futures weighed on the market after a hotter-than-expected U.S. inflation report. The odds of an October Fed rate hike jumped to nearly 47% before easing to about 26%. Altcoins fell harder: the CoinDesk 80 slid 2.2% versus 0.7% for the CoinDesk 5, ether dropped 2.0% to near $2,370, and pump.fun lost 9.4%. Nearly $1 billion in crypto futures positions were liquidated over 24 hours, up from about $136 million a day earlier, with ether longs worth $200 million liquidated versus $115 million in bitcoin.

  CoinDesk·15/10, 10:52• BTC/USDT▼ ETH/USDT▼ SOL/USDT▼ VNINDEX
• Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows

  The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier, down from an Aug. 26 peak of 82, its highest of the year. Bitcoin dropped about 6%, from $86,978 to a low of $81,749.83 on Oct. 8, as Brent crude topped $101 and the 30-year Treasury yield hit 5.70%, its highest since 2002. Spot Bitcoin ETFs lost $484.9 million on a Wednesday last week and are down a net $386.3 million for October, while Ethereum funds extended outflows to nine straight days. Myriad traders put 56% odds on Bitcoin falling to $80,000 in October. The article attributes the pressure mainly to macro factors such as oil, yields and rate-hike expectations rather than a crypto-specific problem.

  Decrypt·12/10, 16:41▼ BTC/USDT▼ ETH/USDT▼ SOL/USDT▼ BNB/USDT
• Bitcoin holds above $83,000 ahead of U.S. inflation data as altcoins lag

  Bitcoin trades near $83,450 after briefly touching $84,000 in early European trading, having rebounded from a low of $80,970 on Tuesday. Altcoins lagged, with the CoinDesk 80 down 0.6% since midnight UTC and DeFi the weakest sector. Traders await U.S. CPI data, expected to show inflation rising to 3.6% from 3.4%, after New York Fed President John Williams said no rate increases were needed in 2027. Crypto futures volume fell 26% to $156.79 billion over 24 hours, and liquidations dropped more than 80% to $136.32 million, pointing to less leverage. Open interest in ZEC rose over 4%, while Optimism fell 4.2% after rallying to its highest since mid-May.

  CoinDesk·14/10, 10:51▲ BTC/USDT▼ ETH/USDT

Related markets

Crypto →

Latest news

• Duong Son Ba Arrested, Hai Phong Thermal Power Loses Lawsuit and Must Pay VND 115 Billion to Partner

  Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.

  CafeF·19/10, 11:21HNDearningslawsuits
• Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities

  Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.

  CafeF·19/10, 11:18▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USD• BTC/USDTIrangeopoliticsenergy security
• Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal

  Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.

  CoinDesk·19/10, 11:15▲ BTC/USDTMSTRbitcoincrypto
• Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity

  At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.

  CafeF·19/10, 11:12▲ NT2▲ POWNT2electricityVietnam
• Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound

  Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.

  CoinDesk·19/10, 11:05• BTC/USDT▲ NVDAbitcoincryptooil prices
• Baystreet . ca - When Might October Nasdaq Correction End ?

  The Nasdaq Composite (QQQ ETF) is 6.96% below its 52-week high after falling 5.52% last week, close to the 10% threshold for a technical correction. The article says high oil prices, sustained by Iran's control of traffic through the Strait of Hormuz, keep September CPI and PPI rising, and that Iran wants higher oil prices to hurt the Republican Party before the midterm elections, so the correction in beaten-down stocks may continue. CoreWeave (CRWV) lost 25.21% last week, closing just 3% above its yearly low, while bears holding a 17% short float bet its $50 billion debt is unsustainable. Nebius (NBIS) fell 25% and Twilio (TWLO) dropped 15.6%, while Autodesk (ADSK), Salesforce (CRM) and Adobe (ADBE) drew buying. The article suggests volatility may ease after the midterms.

  baystreet.ca·19/10, 11:00▼ QQQ▼ SPY▼ NVDANasdaqinflationStrait of Hormuz