Bitcoin slides toward $83,000 on October 8, 2026

1) BITCOIN FALLS NEARLY 3% TOWARD $83,000
Bitcoin traded around $83,198, down 2.75% over 24 hours as of 07:50 KST on CoinMarketCap; Ethereum fell to about $2,568, losing 4.77%, while Solana dropped 4.23% to $115.89. Total crypto market cap declined 2.84% to roughly $2.84 trillion. The sell-off tracked a jump in the US 10-year Treasury yield above 5.36%, the highest since 2002, while September FOMC minutes reaffirmed the possibility of another rate hike within the year.

2) OVER $1 BILLION LIQUIDATED IN 24 HOURS
About $394 million was liquidated in one hour and roughly $1.02 billion over 24 hours after Bitcoin lost key support, according to The Economic Times. The cascade highlights elevated leverage in the system and could amplify short-term swings.

3) FEAR AND GREED INDEX STILL IN GREED TERRITORY
CoinMarketCap's Fear & Greed Index stood at 61, still in Greed despite the decline. Sentiment has not shifted to fear, but sensitivity to negative news may rise if selling pressure persists.

4) XRP AND HYPE OUTPACE MAJOR DROPS
XRP shed 5.51% to $1.41, Hyperliquid fell 4.25% to $87.93, while BNB slipped just 1.09%. These altcoins faced heavier pressure than majors, reflecting cautious flows as volatility increased.

5) KOREAN EXCHANGES SHOW MIXED SIGNALS
On Upbit, Bitcoin traded at KRW 113,579,000, down 2.06% from the prior close; on Bithumb, BTC was around KRW 113,586,000, up 0.50% over 24 hours. The divergence likely stems from different reference points and data capture times rather than a trend reversal.

6) WHAT TO WATCH TODAY
How Bitcoin reacts around the $82,500–$83,000 zone after losing key support and absorbing the liquidation flush.

*This information is aggregated for reference only and is not investment advice.*