Bitcoin Drops to $80K After Inflation Report, Eyes $94K Next
Bitcoin corrected to $80,000 following a hotter-than-expected US inflation report, with technical indicators suggesting further upside potential.
Bitcoin corrected to $80,000 following a hotter-than-expected US inflation report, with technical indicators suggesting further upside potential. Bitcoin (BTC) is trading at ₹77,37,667 ($81,233.00). This is an original Token Times brief synthesising 2 outlets (Cointribune, BeInCrypto), with their figures cross-checked, plus live market data, as of Thu, 15 Oct 2026 09:45:01 UTC.
The correction to $80,000 is significant as it aligns with key technical levels, including the 50-day exponential moving average, which could influence future price movements and investor sentiment.
- Bitcoin dropped 3.3% to $80,979 after US inflation report.
- Price touched 50-day EMA, a key technical support level.
- Whale accumulation reached year-high levels before the drop.
- Market cap remains above $2.7T despite the correction.
Cointribune and BeInCrypto both report that Bitcoin corrected to approximately $80,000 following a hotter-than-expected US inflation report. While Cointribuite focuses on the technical aspects, highlighting the 50-day exponential moving average as a key support level, BeInCrypto emphasizes the macroeconomic impact and notes that the price dropped below the average purchase price of US spot ETFs. Both outlets agree on the $80,000 price point but differ in their emphasis on technical versus fundamental factors.
Bitcoin experienced a significant correction last week, dropping to the $80,000 level after a hotter-than-expected US inflation report was released. This move was anticipated by some analysts who had predicted a pullback before further upward movement.
The drop was influenced by macroeconomic factors, with the inflation report causing a 3.3% decline in Bitcoin's price within 24 hours. This brought the price to $80,979, according to BeInCrypto, which also noted that the price fell below the average purchase price of US spot ETFs.
Cointribune, on the other hand, highlighted the technical aspects of the correction, noting that the price approached the 50-day exponential moving average (EMA 50), a key technical support level. This level is considered important for maintaining the current bullish structure.
Prior to the correction, whales had been accumulating Bitcoin, reaching balance levels not seen in nearly a year, as reported by BeInCrypto. This accumulation suggests strong underlying demand despite the recent price drop.
In the broader market context, the total crypto market cap remains above $2.7 trillion, although the overall market is broadly down. Bitcoin's 24-hour decline of 2.55% is in line with the broader market trend, with the Fear & Greed index currently at 53, indicating a neutral sentiment.
Since this brief published about 16 hours ago, Bitcoin (BTC) has moved from ₹77,39,952.79$81,257.00 to ₹77,37,666.72$81,233.00 — -0.03%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $80,000 in October?
Crowd-implied probability on Polymarket, ₹7.46M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 15 09:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.47M (about $81,233.00), down 2.3% over 24 hours. The rupee itself trades about 9.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Bitcoin Drops to $80K After Inflation Report, Eyes $94K Next — questions & answers
What caused Bitcoin's price to drop to $80,000?
The drop was primarily triggered by a hotter-than-expected US inflation report, which caused a 3.3% decline in Bitcoin's price within 24 hours.
Why is the $80,000 level significant for Bitcoin?
The $80,000 level is significant because it aligns with the 50-day exponential moving average, a key technical support level that could influence future price movements.
What is the outlook for Bitcoin after this correction?
Analysts suggest that the correction could be a temporary setback, with the potential for further upside if the 50-day EMA holds as support.
How much is 1 Bitcoin worth in rupee today?
About ₹8.47M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,233.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune, BeInCrypto, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.