Crypto Markets See $110B Loss as Bitcoin Dives Below $83K
The crypto market experienced a significant decline, losing $110 billion in value over 36 hours, with Bitcoin dropping below $83,000. Bitcoin ETFs also faced their worst outflow since June, reflecting increased risk aversion among investors.
Market overview
Total crypto market cap stands at $2.78T on $114.83B of 24h volume. BTC dominance is +59.45% and the Fear & Greed index reads 59 — Greed.
Signal performance
Over today, 1 signal reached a target, averaging +10.14% profit and +17.63% peak.
Headlines
- JPMorgan estimates $50 billion has flowed into crypto this year as momentum improves into Q4The Block · Oct 8
JPMorgan estimates $50B in crypto inflows
- 82 Million Samsung Galaxy Devices Could Soon Get Native Solana Stablecoin TransfersCryptoPotato · Oct 8
Samsung partners with Solana for native stablecoin transfers.
- Thailand finalizes rules paving way for Bitcoin, Ether ETFsCointelegraph · Oct 9
Thailand allows Bitcoin, Ether ETFs to trade.
- Tokenization could unleash tens of billions of dollars in trapped capital, Nasdaq CEO saysCNBC Bitcoin · Oct 8
Tokenization to free trapped capital
- Applied Materials posts record $9.12 billion quarter as AI chip demand surgesCrypto Briefing · Oct 8
Applied Materials reports a record $9.12 billion quarter driven by surging AI chip demand, indicating a major industry shift.