Market News / Story
Bitcoin Falls 8% in Two Days as Profit-Taking, Dollar Strength Weigh
Bloomingbit ·
Bloomingbit reports: Bitcoin fell to the $80,000 level as profit-taking and a stronger dollar weighed on the token. Outflows from spot exchange-traded funds and forced liquidations of leveraged positions also deepened the slide. On October 8, Bitcoin fell as low as $80,395 intraday on Binance's Tether market. That marked a drop of about 8% from roughly $86,698 on October 6. Bitcoin was recently trading around $81,700. Selling by traders looking to lock in gains after the recent rally added…