Markets· ★★★★· bearish·

Bitcoin drops to $81,000, Zcash loses 14% as oil prices surge

  • —BTC hit $81,000, its lowest since September 21, down about 3% on the day
  • —$862 million in long positions were liquidated in 24 hours, accelerating the decline
  • —Zcash fell 14.58%, Solana 5.96%, XRP 4.77% and Ethereum 3.92%
  • —US spot Bitcoin funds saw nearly $500 million in outflows the previous day
Why it matters: BTC is testing a key support level; a break below could trigger a deeper correction, while a hold may set up a rebound.
#BTC#ZEC#SOL#XRP
Source: Newsbit
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