Bitcoin dropped from $86k to below $80.4k amid $150B market cap decline; CPI data expected to drive further volatility.
Macro & Markets ·
Bitcoin declined sharply over a span of days, falling from above $86,000 to below $80,400 in what was reported as its lowest price since September 21. The broader crypto market shed over $150 billion in total capitalization during the move, with major assets including ETH and XRP also posting substantial losses.
The selloff occurred amid expectations that September CPI data would shape near-term price direction. Traders braced for potential volatility tied to how the inflation reading might influence Fed policy and risk appetite for digital assets.
The material does not specify what triggered the initial drop or whether additional catalyst events occurred. It remains unclear whether the decline has stabilized or whether further movement is expected before or after the CPI release.