FORBES · 2026-10-08 20:52 UTC

Bitcoin Approaches $80,000 As Profit Taking And Macro Pressures Fuel Losses

Bitcoin fell to $80,365 on October 8, down 7.2% from $86,600 on October 6, as profit-taking and macro pressures weighed on the asset. Rising Treasury yields, a strengthening dollar, ETF outflows, and liquidations of leveraged positions amplified the decline. Traders' on-chain unrealized profit margins reached 33% last week, with Bitcoin holders taking 25.7K BTC in profits, the highest in 2026.

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