Bitcoin Reclaims $80,000 After Brief Dip; Ether Holds $2,300
Bitcoin briefly fell below the key $80,000 level early on October 26, touching lows of about $79,700–$79,800 before quickly rebounding. It was trading near $80,067 at around 8:16 a.m. Taipei time, down about 0.8% over 24 hours. The fast recovery suggests buyers are defending the $80,000 support zone, but Bitcoin’s repeated tests show that downside risks remain.
Ether also weakened, reaching roughly $2,310–$2,315, but stayed above $2,300 and recovered to around $2,330. The latest dip was shallower than the weekend low of about $79,280 for Bitcoin, when roughly $436 million in crypto positions were liquidated, including about $404 million in long positions.
Liquidations have since eased: CoinGlass recorded about $118 million in liquidations over the latest 24 hours, while the Crypto Fear & Greed Index stood at 50, indicating neutral sentiment. Traders are watching whether Bitcoin can hold above $80,000 and Ether can defend $2,300, alongside US market moves and spot Bitcoin ETF flows. These support levels may shape near-term risk appetite across crypto markets.
Neutral
The immediate signal is mixed rather than decisively bullish or bearish. Bitcoin briefly lost $80,000, but quickly reclaimed it, while Ether stayed above $2,300. That rebound suggests dip buyers remain active, yet repeated tests of these levels indicate fragile support and leave prices vulnerable to further volatility.
The comparison with the weekend sell-off is important: Bitcoin’s latest low was higher than the roughly $79,280 low recorded then, and liquidations over the latest 24 hours were about $118 million, well below the roughly $436 million reported during the weekend episode. The Fear & Greed Index at 50 also points to neutral sentiment rather than capitulation or strong risk appetite.
In the short term, traders may treat $80,000 for Bitcoin and $2,300 for Ether as key thresholds. A sustained hold could encourage dip-buying and stabilize broader crypto sentiment; a decisive break could trigger stop-losses and renewed leveraged liquidations. US market performance and spot Bitcoin ETF flows may add direction.
Over the longer term, one brief price wick is not enough to establish a trend change. If these levels continue to hold and inflows improve, the market could stabilize. Repeated failures to hold support, especially alongside weaker equity markets or outflows, could deepen the correction. The evidence supports a neutral view while traders wait for confirmation.