Bitcoin Rebounds Above $82,000 After Falling Below $80,000

Bitcoin (BTC) recovered to about $82,300 on Thursday, Oct. 15, after falling below $80,000 earlier in the session, capping a volatile day that also featured a sharp rise in U.S. producer prices and heavy derivatives liquidations. At 2:20 p.m. ET (18:20 UTC), BTC stood near $82,300. At noon ET (16:00 UTC), liquidations across the market totaled $937.06 million for the 24-hour period, including $787.18 million in long positions and $149.88 million in short positions. Bitcoin-specific liquidations totaled $214.66 million, with 80.5% coming from long positions. The U.S. Bureau of Labor Statistics released September’s Producer Price Index (PPI) at 8:30 a.m. ET (12:30 UTC). On a seasonally adjusted basis, September’s final-demand prices increased 1.3% from August; the year-over-year gain was 6.3%, the largest since December 2022.

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