Bitcoin Drops Below $83,000, Ethereum Down 1%, XRP, Dogecoin Plunge 3%
Bitcoin fell back below $83,000 on Monday amid elevated Treasury yields, a stronger dollar and uncertainty ahead of the U.S. midterm elections.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $82,418.78 |
| Ethereum | (CRYPTO: ETH) | $2,506.36 |
| Solana | (CRYPTO: SOL) | $107.45 |
| XRP | (CRYPTO: XRP) | $1.36 |
| Dogecoin | (CRYPTO: DOGE) | $0.08468 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055317 |
Notable Statistics:
- Coinglass data shows 88,688 traders were liquidated in the past 24 hours for $302.44 million.
- SoSoValue data shows net inflows of $21.13 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $56.1 million.
- In the past 24 hours, top losers include Starknet, Cosmos Hub and Aptos.
Notable Developments:
- Ripple Faces Criticism Over $250,000 Reward for Finding Critical XRP Flaw
- Ethereum, XRP Could Drop Another 10% Before Real Relief, Trader Warns
- Can the Midterms Trigger a Bitcoin Rally? 3 Factors Suggest Yes
- Standard Chartered Launches RLUSD Custody as XRP Ledger Activity Surges
- Peter Schiff ‘Surprised’ by Bitcoin’s Resilience but Expects New Lows
- Bitcoin Will Hit $1M ‘Much Quicker’ Than Anticipated, Binance Founder Predicts
- Bitmine Buys 12,532 More ETH as Tom Lee’s Buying ‘Stop’ Draws Closer
- Strategy Adds 250 Bitcoin: Can MSTR Break Through $160?
Trader Notes:
On Scott Melker’s podcast , industry veterans Andy Constan, Dave Weisberger and Mike McGlone highlighted Bitcoin’s repeated failure to break above $86,000 to $87,000, suggesting further consolidation before a potential rally.
McGlone warned that elevated Treasury yields and a strong dollar remain major headwinds for Bitcoin and other non-yielding assets.
Constan argued that Treasury Secretary Scott Bessent’s efforts to contain long-term yields through bond buybacks and reduced long-term debt issuance could boost asset prices but fuel inflation.
He expects Bitcoin to trade sideways rather than stage an immediate explosive 10x rally as it evolves into a reliable store of value.
The panel also cited prediction markets pricing a 61% chance of a Democratic sweep of Congress, warning that Republican losses could complicate Trump’s crypto agenda and increase political gridlock.
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