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Bitcoin drops near 80,000 dollars following United States government transfer

Bitcoin fell to an October low after United States authorities moved 1.48 billion dollars in tokens to Coinbase Prime, driving derivatives liquidations.

FTMQ Crypto, written by our newsroom0 views

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Bitcoin experienced sharp price drops on October 9, 2026, falling below 83,000 dollars and reaching a local low of 80,420 dollars, according to Hokanews and UToday Crypto News. Bitcoin News and UToday Crypto News both reported that the cryptocurrency subsequently stabilized near 83,000 dollars as derivatives market liquidations began to cool. [2][3][4][5]

The market downturn followed a move by United States authorities transferring 17,733 Bitcoin, valued at 1.484 billion dollars, to Coinbase Prime, UToday Crypto News reported. This substantial transfer triggered 859.17 million dollars in forced long-position liquidations across the derivatives market. [4]

Other major digital assets extended their market losses alongside Bitcoin, according to Hokanews. Hokanews noted that Ethereum, XRP, and Solana suffered declines, while UToday Crypto News reported that XRP held within a range of 1.39 to 1.40 dollars ahead of its planned Nasdaq listing. [2][3][4]

Despite the broader market fall, large investors known as whales remained bullish on Bitcoin, Ethereum, and XRP, The Coin Republic reported. [1]

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In short

  • United States authorities transferred 17,733 Bitcoin worth $1.484 billion to Coinbase Prime.
  • Bitcoin fell to an October low of $80,420 before stabilizing near $83,000.
  • Derivatives markets recorded $859.17 million in forced long-position liquidations.
  • XRP traded between $1.39 and $1.40 ahead of an upcoming Nasdaq listing.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Bitcoin, ETH, & XRP Whales Remain Bullish Despite Crypto Market Crash, Here’s AllThe Coin Republic, 4h ago (the report this story comes from)
  2. [2]Bitcoin Falls Below $83,000 as Ethereum, XRP and Solana Extend Crypto Market LossesHokanews, 16h ago
  3. [3]Bitcoin Falls Below $83,000 as Ethereum, XRP and Solana Extend Crypto Market LossesHokanews, 16h ago
  4. [4]XRP Defies Market Bloodbath as Bitcoin Hits October Lows: Main Crypto News This MorningUToday Crypto News, 11h ago
  5. [5]Bitcoin Price Bounces Back to $83K as Crypto Market Liquidations CoolBitcoin News, 7h ago
  6. [6]Here’s How Not To Screw up Your Bitcoin PrivacyBitcoin Magazine, 5h ago
  7. [7]Here’s How Not To Screw Up Your Bitcoin PrivacyBitcoin Magazine, 5h ago
  8. [8]These 5 Bitcoin Indicators Have Turned Bullish for the First Time Since 2025: ReportCryptoRank, 2h ago

Background

  1. [9]Cryptocurrency bubble on Wikipedia
  2. [10]Here for It All on Wikipedia

Our newsroom writes these reports with the help of software, from the 10 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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Earlier reports of ours on the same people and subjects.

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