Bitcoin Price Dips Below $80K Amid Weekend Liquidations
Bitcoin's price dropped to $79,146 on Saturday, its lowest in over a month, as leveraged traders faced significant liquidations.
Bitcoin's price dropped to $79,146 on Saturday, its lowest in over a month, as leveraged traders faced significant liquidations. Bitcoin (BTC) is trading at $80,439.00. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Sat, 24 Oct 2026 20:00:04 UTC.
The price drop below a key psychological level of $80,000 could trigger further selling pressure and impact market sentiment, especially among leveraged traders.
- Bitcoin price fell to $79,146, lowest in over a month.
- Leveraged traders faced liquidations exceeding hundreds of millions.
- Market cap remains above $2.7T despite the dip.
- Bitcoin Dips Below $81K as Altcoins See Sharp Declines
- Bitcoin Price Dips Below $80K Amid Weekend Liquidations — this brief
On Saturday, 
Bitcoin's price fell to approximately $79,146, its lowest level in over a month, according to Bitcoin.com. This decline followed a weekend selloff that saw the cryptocurrency briefly dip below the psychologically significant $80,000 threshold.
The drop was exacerbated by liquidations in the derivatives market, with leveraged traders experiencing losses exceeding hundreds of millions. This highlights the vulnerability of highly leveraged positions during periods of market volatility.
The broader crypto market also experienced a downturn, with the total market cap remaining above $2.7 trillion but showing signs of weakness. The selloff provided ammunition for critics like Peter Schiff, who have long been skeptical of Bitcoin's value proposition.
Despite the dip, Bitcoin's 7-day performance remains relatively stable, with a modest decline of 0.95%. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
The current market conditions suggest that traders should monitor the $80,000 level closely, as it could act as a resistance point. Further developments in the derivatives market and broader macroeconomic factors will also be crucial in determining Bitcoin's next move.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $80,432.00 to $80,439.00 — +0.01%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, $169.97K 24h volume, resolves Jan 1 — snapshotted when this brief published (Oct 24 19:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦111.01M (about $80,439.00), down 0.9% over 24 hours. The naira itself trades about 3.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 24, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitcoin Price Dips Below $80K Amid Weekend Liquidations — questions & answers
What caused Bitcoin's price to drop below $80,000?
The drop was primarily due to liquidations in the derivatives market, particularly among leveraged traders, as reported by Bitcoin.com.
How significant is the $80,000 level for Bitcoin?
The $80,000 level is considered psychologically significant and could act as a resistance point in future trading sessions.
What is the current state of the broader crypto market?
The total crypto market cap remains above $2.7 trillion but is showing signs of weakness amidst the broader market downturn.
How much is 1 Bitcoin worth in naira today?
About ₦111.01M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $80,439.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.