Stories
Bitcoin Drops Below $82,300 to Hit Three-Week Low Amid Selling Pressure
M
Moneycontrol•08-10-2026, 10:56
Bitcoin Drops Below $82,300 to Hit Three-Week Low Amid Selling Pressure
- •Bitcoin fell to a nearly three-week low of $82,227 on October 8 before recovering marginally to hover around $82,533.
- •Higher real yields and a stronger dollar continue to suppress investor appetite for risk assets like Bitcoin.
- •Crypto ETFs recorded net outflows of roughly $213.4 million on October 7, reflecting cautious market sentiment.
- •Experts advise investors to monitor the critical $82,000 to $83,000 support range and avoid excessive leverage amid ongoing volatility.
Key Questions Answered
Bitcoin fell to a nearly three-week low of $82,227 amid heightened selling pressure in the market, driven by higher real yields and a stronger dollar that weighed on investor appetite for risk assets.
CoinSwitch identifies $83,000 as a key level, with an immediate resistance zone between $86,500 and $87,000 that could reopen a move toward $90,000 if broken. Meanwhile, experts note that holding the $82,000 to $83,000 range is crucial for Bitcoin's near-term trajectory.
Crypto ETFs recorded net outflows of approximately $213.4 million on October 7. During the completed October 6 US session, Bitcoin ETFs saw $118.8 million in inflows while Ether funds posted $201.9 million in outflows.
