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Bitcoin Edges Toward 80K As Ripple Snaps Its Key Hold This Weekend ๐Ÿ•ธ๏ธ๐Ÿ–ค

Bitcoin Edges Toward 80K As Ripple Snaps Its Key Hold This Weekend ๐Ÿ•ธ๏ธ๐Ÿ–ค

Bitcoinโ€™s price is dancing with the devil rn after getting rejected at 85k on Wednesday ๐Ÿ˜ˆ๐Ÿ–ค It slid all the way down to 80.4k earlier this morning maybe thanks to Trump stirring up drama about wars.
Most altcoins are bleeding out right behind it. ETH plunged even lower below 2.4k while XRP just lost that key 1.3 support ๐Ÿ’€ NEAR BTW PUMP WLD and DOT got hit way harder tho.

Can 80k Actually Survive This? ๐ŸŒ™

After all that crazy volatility last week from the CPI and PPI numbers BTC tried to claw back above 82k over the weekend. Then a sudden flash crash knocked it down another grand on Saturday night before the bulls attempted to smash through 83k on Monday.
They got denied at first and BTC slipped back to 81k. A quick pump on Tuesday pushed it just over the line but the bulls pushed even higher on Wednesday hitting a two week peak near 85k.
That rally died fast tho and the rejection hurt bad. BTC first crashed under 83k but the bears took full control on Friday and Saturday morning driving it to 80.4k for the first time in ten days ๐Ÿ•ธ๏ธ Even now BTC sits above 80k but itโ€™s still down 1% today. Its market cap pulled back to 1.62 trillion while dominance holds strong at 60% on CMC.

BTCUSD October 24. Source: TradingView
BTCUSD October 24. Source: TradingView

Altcoins Keep Bleeding Red ๐Ÿฆ‡

ETH dropped by about the same percent as BTC and now chills well under 2.4k. Rippleโ€™s token dove over 2% and sits below 1.3. It was pushing close to 1.4 on Wednesday before everything tanked. SOL looks ready to break under 100 while ZEC crashed below 1.2k.
More pain shows up in XMR XLM LINK RAIN LTC and NEAR. WLD took the biggest double digit hit but M actually fought the market with a 10% pump ๐Ÿ”ช๐Ÿ’‰ The total crypto market cap fell over 1% in a day down to 2.7 trillion on CMC.

Cryptocurrency Market Overview October 24. Source: TradingView
Cryptocurrency Market Overview October 24. Source: TradingView

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