Bitcoin Price Drops Below $80K Amid Weekend Liquidations
Bitcoin's price fell to its lowest level in over a month as leveraged traders faced significant liquidations.
Bitcoin's price fell to its lowest level in over a month as leveraged traders faced significant liquidations. Bitcoin (BTC) is trading at ₹76,47,967 ($80,474.00). This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Sat, 24 Oct 2026 21:00:01 UTC.
The drop below $80,000 marks a psychological barrier breach, potentially triggering further volatility and impacting market sentiment.
- Bitcoin price fell to $79,146, lowest in over a month.
- Leveraged traders faced hundreds of millions in liquidations.
- Market cap remains above $2.7T despite the downturn.
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- Bitcoin Price Drops Below $80K Amid Weekend Liquidations — this brief
On Saturday, 
Bitcoin's price fell below the $80,000 mark, reaching a low of approximately $79,146, its lowest point in more than a month. This decline was attributed to a wave of liquidations that impacted leveraged traders, adding further pressure to the market.
The selloff resulted in hundreds of millions of dollars in liquidations, according to Bitcoin.com. This development has reignited debates about Bitcoin's volatility and its susceptibility to sudden market shifts.
While the total cryptocurrency market cap remains above $2.7 trillion, the broader market is experiencing a downturn. Bitcoin's 24-hour price change stands at -1.02%, contributing to a slightly negative 7-day performance of -0.95%.
The current market sentiment, as indicated by the Fear & Greed Index, remains in the 'Neutral' range at 51, suggesting that while there is some caution, the market has not yet entered a state of extreme fear.
The breach of the $80,000 psychological barrier could lead to increased volatility in the short term. Traders and investors will be closely watching for any signs of recovery or further decline in the coming days.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from ₹76,43,975.12$80,432.00 to ₹76,47,966.66$80,474.00 — +0.05%.
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 $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹16.15M 24h volume, resolves Jan 1 — snapshotted when this brief published (Oct 24 19:05 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 ≈ ₹8.23M (about $80,474.00), down 1.1% over 24 hours. The rupee itself trades about 7.6% 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.
Bitcoin Price Drops Below $80K Amid Weekend Liquidations — questions & answers
What caused Bitcoin's price to drop below $80,000?
The drop was primarily due to a wave of liquidations affecting leveraged traders, as reported by Bitcoin.com.
How significant is the $80,000 level for Bitcoin?
The $80,000 level is considered a psychological barrier, and its breach could trigger further market volatility.
What is the current state of the overall crypto market?
The total crypto market cap is $2.76T, with the market experiencing a broad downturn.
How much is 1 Bitcoin worth in rupee today?
About ₹8.23M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,474.00. 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.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.05% since this brief first published — trading at ₹76,47,967 ($80,474.00) now versus ₹76,43,975 ($80,432.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. 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.