Bitcoin Dips Below $81,000 as Ether Falls Under $2,400
Bitcoin fell below $81,000 and Ether under $2,400 on October 15, extending crypto losses after US inflation data before recovering from their overnight lows.
Gas fees are transaction costs paid by users to process operations on a blockchain network. They compensate validators or miners for the computational resources required to execute transactions and smart contracts. Gas fees can vary depending on network congestion and demand. On platforms like Ethereum, fees are a critical part of network security and functionality. High gas fees have driven the development of Layer 2 solutions and alternative blockchains.
Bitcoin fell below $81,000 and Ether under $2,400 on October 15, extending crypto losses after US inflation data before recovering from their overnight lows.
Standard Chartered’s UAE launch lets eligible Professional Investors trade Bitcoin and Ether through bank accounts, with custody and settlement managed in-house.
Eligible Interactive Brokers LLC clients can now stake ETH through Client Portal, with rewards added to their staked holdings and services provided by zerohash.
Bitcoin rebounded to about $83,740 after an overnight drop below $81,000, while 24-hour crypto liquidations exceeded $800 million, mostly in longs.
Wintermute sees calmer long-term Treasury yields and renewed spot ETF inflows as conditions for a crypto recovery after Bitcoin and Ether funds lost $1.22 billion.
CryptoQuant reports a seven-month low in Binance’s ETH liquidity indicator as reserves decline, potentially reducing available selling supply if outflows persist.
Bitcoin climbed to about $84,072 on Coinbase as Ether regained $2,500 and Solana traded above $110, extending the recovery from last week’s sell-off.
Bitcoin recovered to about $82,683 after Trump ruled out Iran strikes before the midterms, while Ether remained below $2,500 and major altcoins lagged.
Cardano founder Charles Hoskinson disputes Ethereum co-founder Vitalik Buterin’s AI cryptography warning, saying delays to post-quantum migration could weaken internet security.
Bitcoin recovered to about $81,545 after breaking below $81,000, while Ether stayed under $2,500 and 24-hour crypto liquidations topped $1.1 billion.