Bitcoin Falls Toward $80K as XRP Breaks Support

Published: 2026-10-24 05:05:37 |

Bitcoin fell to $80,400 after its rally toward $85,000 was rejected, leaving the largest cryptocurrency down about 1% on the day. The pullback may be connected to recent comments by US President Donald Trump about the war with Iran, although the article does not establish a direct cause. Bitcoin’s market capitalisation slipped to $1.62 trillion, while its dominance remained around 60%. Bitcoin’s decline coincided with losses across the altcoin market. Ether fell below $2,400, XRP dropped below the $1.30 support level, and Solana approached $100. WLD recorded the steepest decline among the listed tokens, while M rose about 10% against the broader trend. The total crypto market capitalisation fell more than 1% to $2.7 trillion. Traders will be watching whether Bitcoin can hold above $80,000 and whether key altcoin support levels give way.

Bearish

The immediate market signal is bearish: Bitcoin has retreated from a two-week high near $85,000 to $80,400, while Ether, XRP and a broad range of altcoins have also fallen. XRP’s move below $1.30 and Solana’s approach to $100 put visible support levels in focus. Bitcoin dominance near 60%, alongside a total market capitalisation decline, suggests traders may be favouring the relative liquidity of Bitcoin over altcoins, even as Bitcoin itself weakens. In the short term, traders may reduce risk or wait for confirmation that Bitcoin can hold above $80,000. A decisive break below that level could increase selling pressure and prompt further liquidations, while a hold and rebound could ease immediate downside concerns. The article mentions Trump’s comments on the Iran conflict as a possible factor, but does not establish a direct link; geopolitical headlines can nevertheless add volatility and encourage risk-off positioning. The longer-term impact is less certain. One pullback does not establish a sustained downtrend, and prices may stabilise if broader market conditions improve. Traders are likely to monitor Bitcoin’s support, market dominance and recovery attempts, alongside whether altcoins reclaim their lost levels. The reported price moves indicate short-term weakness, not a definitive forecast of future market direction.