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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.

Benzinga

Publisher

Oct 12, 2026 at 6:00 PM UTC · 1 分钟阅读

Bitcoin Drops Below $83,000, Ethereum Down 1%, XRP, Dogecoin Plunge 3%
Image via Benzinga

Key Signal

$302.44M 24-hour trader liquidations

Entities

bitcoin, ethereum, xrp, dogecoin

Market Impact

Total MCap-1.45%

Last Updated

1 个月前

Bitcoin fell back below $83,000 on Monday amid elevated Treasury yields, a stronger dollar and uncertainty ahead of the U.S. midterm elections.

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:

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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.

Bitcoin · 30-day price▼ 10.6%
$84,023$79,380$74,738
Oct 11Oct 20Oct 30Nov 9

Bitcoin moved from $83,675.6 to $74,787.9 over the last 30-day period, a decline of 10.6 percent.

Source: Kraken · NewsLayer Markets · Updated 几秒前

Why this matters

More than $302 million in liquidations signals that the downturn triggered meaningful forced deleveraging across crypto markets. Diverging Bitcoin and Ethereum ETF flows could indicate uneven institutional demand, potentially adding to volatility if the trend persists.

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.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Follow the Story

  1. Oct 12Bitcoin Drops Below $83,000, Ethereum Down 1%, XRP, Dogecoin Plunge 3%
  2. Nov 9Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?
  3. Nov 9Dogecoin price at its August low: why DOGE is falling twice as hard as bitcoin
  4. Nov 9Bitcoin Price Prediction: Will BTC Recover If US Inflation Keeps Rate Hike Bets Alive?
  1. Oct 12Bitcoin Drops Below $83,000, Ethereum Down 1%, XRP, Dogecoin Plunge 3%
  2. Nov 9Bitcoin and Ethereum Just Hit Their Lowest Prices Since August After $1 Billion in Liquidations. Where Do Analysts Say They Bottom?
  3. Nov 9Dogecoin price at its August low: why DOGE is falling twice as hard as bitcoin
  4. Nov 9Bitcoin Price Prediction: Will BTC Recover If US Inflation Keeps Rate Hike Bets Alive?
#bitcoin#ethereum#xrp#dogecoin#crypto#markets

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Originally reported by Benzinga

NewsLayer coverage based on externally reported material.

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Market Context

₿

Bitcoin

BTC

$74,778

-1.18% (24H)

$75,846$74,811$73,777
6 PM1 AM9 AM5 PM

Market Cap

$1.50T

24H Volume

$21.6B

24H High

$75,870

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoinethereumxrpdogecoin

Topics

cryptomarkets

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