Cryptocurrency

Recall

Bitcoin

Wednesday

Bitcoin’s adverse price movements that began with the rejection at $85,000 on Wednesday continue, with the asset sliding to $80,400 earlier this morning, perhaps due to the latest Trump comments on the war against Iran.
Most altcoins have followed suit, with ETH dropping further below $2,400, and XRP seemingly losing the crucial $1.30 support. NEAR, BTW, PUMP, WLD, and DOT have slumped even more.
<h2 id="will-80k-hold">Will $80K Hold?</h2>
After the intense volatility experienced in the previous business week following the release of the CPI and PPI data, and BTC’s subsequent retreat to under $80,000, the cryptocurrency tried to rebound almost immediately and stood above $82,000 over the weekend. Then came a flash crash that brought it south by a grand on Saturday evening, before the bulls tried to take down the $83,000 resistance on Monday.
They failed at first, and bitcoin slipped to $81,000. A sudden uptick on Tuesday drove it to just over that line before the bulls <a href="https://cryptopotato.com/zec-skyrockets-by-13-in-24-hours-btc-price-reclaims-83k-market-watch/" rel="noopener noreferrer nofollow">took it a step further</a> on Wednesday, driving BTC to a two-week peak of almost $85,000.
However, this was a short-lived rally, and the <a href="https://cryptopotato.com/bitcoin-plunges-over-3k-after-85k-rejection-altcoins-get-hit-harder-market-watch/" rel="noopener noreferrer nofollow">rejection</a> was quite rapid and painful. At first, BTC tanked to under $83,000, but the bears <a href="https://cryptopotato.com/bitcoin-rejected-at-85k-as-macro-pressure-mounts-and-fomc-looms-weekly-crypto-recap/" rel="noopener noreferrer nofollow">took complete control</a> of the market on Friday and Saturday morning, at least for now, driving bitcoin to $80,400 for the first time in about ten days.
Although BTC remains above $80,000 as of now, it’s still 1% down for the day again. Its market cap has pulled back to $1.620 trillion, but its dominance over the alts stands tall at 60% on CMC.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/10/BTCUSD-October-24.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/10/BTCUSD-October-24.png" alt="BTCUSD October 24. Source: TradingView" width="1835" height="917"></a>
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 BTCUSD October 24. Source: TradingView
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<h2 id="alts-in-the-red-again">Alts in the Red Again</h2>
ETH is down by a similar percentage to BTC and sits well below $2,400. Ripple’s native token has dived by over 2%, and it’s now below $1.30. Recall that the asset neared $1.40 on Wednesday before the market-wide pullback. SOL is close to breaking below $100, while ZEC has tanked below $1,200.
Further losses are evident from XMR, XLM, LINK, RAIN, LTC, and NEAR. WLD is the only double-digit loser, while M has defied the broader market’s move with a 10% surge.
The total crypto market cap is down by over 1% daily to $2.7 trillion on CMC.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/10/Screenshot-2026-10-24-074559.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/10/Screenshot-2026-10-24-074559.png" alt="Cryptocurrency Market Overview October 24. Source: TradingView" width="1883" height="826"></a>
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 Cryptocurrency Market Overview October 24. Source: TradingView
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The post <a href="https://cryptopotato.com/bitcoin-btc-tanks-toward-80k-ripple-xrp-loses-key-support-weekend-watch/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Tanks Toward $80K, Ripple (XRP) Loses Key Support: Weekend Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin (BTC) Tanks Toward $80K, Ripple (XRP) Loses Key Support: Weekend Watch

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