Crypto Market Crash Sends Bitcoin Below $81K Amid Inflation Fears
Crypto prices fell sharply on Thursday, with Bitcoin dropping below $81,000 as stronger-than-expected U.S. inflation data and uncertainty over the next Federal Reserve interest-rate decision drove investors out of digital assets. Bitcoin traded at $80,416.26, down 3.4% in 24 hours and 2.3% over seven days. Daily volume reached $38.72 billion, and market capitalization stood at about $1.62 trillion. Ethereum fell 6.1% to $2,349.77, down 7.4% for the week, on $18.84 billion in daily volume. XRP lost 5.4% to $1.30, with a weekly decline above 7%. Solana traded at $101.79 after a 5.1% daily drop and a 10.2% seven-day loss. BNB slipped 3.3% to $718.50, while TRON eased 1.1% to $0.3295. The selloff followed the Wednesday U.S. inflation report. September headline CPI rose 3.7% year over year, above the 3.6% forecast and the highest annual rate since May. Monthly unadjusted CPI increased 0.6%, the largest gain since April 2026. Core CPI, excluding food and energy, climbed 2.6% from a year earlier, exceeding the 2.5% estimate and marking the highest rate since June 2026. Spot cryptocurrency funds also saw withdrawals. On October 14, spot Bitcoin products recorded net outflows of $261.46 million, while spot Ethereum products lost $129.51 million. Crypto liquidations totaled $927.30 million over 24 hours. Long positions accounted for $851.47 million, or about 91.8% of the total, while short positions made up $75.83 million. Over 12 hours, liquidations reached $639.03 million, including $589.03 million in longs and $50 million in shorts. The four-hour window saw $81.62 million in liquidations, with $71.66 million from longs and $9.95 million from shorts. In the latest hour, $40.35 million was liquidated, including $36.61 million in longs and $3.74 million in shorts. Bitcoin and Ether futures liquidations totaled nearly $483 million, including $286 million from Ether. The original article, Crypto Market Crash: Why BTC, ETH, XRP, SOL and Others Retreated Today, first appeared on The Coin Republic.
