Bitcoin
Why Is Crypto Market Going Down Today? $200 Billion Wiped Out As Bitcoin Falls Below $81,000
Coinpedia·October 8, 2026·1 min read
$200 billion exited crypto in 48 hours. Bitcoin fell below $81,000, Ethereum dropped under $2,450, and about $1.4 billion in leveraged longs were wiped out, including $410 million in a single hour. BTC traded at $80,585, down 3.0% in 24 hours and 3.8% over the week.
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