Bitcoin slips below $80,000: Why the crypto market is under pressure
Bullish strength: 20/100
- US spot Bitcoin ETFs recorded net inflows of more than $300 million over the week, according to Mudrex.
- Expectations of the Federal Reserve holding interest rates could provide some support to global liquidity.
Bearish strength: 80/100
- Bitcoin fell below $80,000 after a weekend selloff pushed it to a more than one-month low.
- Rising oil prices and inflation concerns are weighing on risk appetite.
- US spot Bitcoin ETFs recorded $635.6 million in net outflows on October 22.
- Bitcoin faces potential further downside toward $78,000, with additional lower support levels identified if selling continues.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.