Bitcoin reclaims $80K as major altcoins post double-digit weekly losses
- —BTC trades near $80,312 with a $1.61 trillion market cap and $19.2 billion daily volume
- —$546.88 million liquidated in 24 hours, hitting more than 116,000 traders
- —U.S. spot Bitcoin ETFs shed $773.5 million on October 22–23
- —Zcash rose 7.51% to $1,209 ahead of the NU7 upgrade
Why it matters: Bitcoin is holding at the average cost basis of U.S. spot ETFs and corporate treasuries ($80,000–81,500); a break above $82,368 opens $84,725, while losing $80,000 exposes $78,000.
Source: crypto.news