{"id":241093,"date":"2026-10-19T09:44:03","date_gmt":"2026-10-19T09:44:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=241093"},"modified":"2026-10-19T09:44:03","modified_gmt":"2026-10-19T09:44:03","slug":"bitcoin-eyes-83k-as-black-monday-prediction-fizzles-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=241093","title":{"rendered":"Bitcoin Eyes $83K as \u2018Black Monday\u2019 Prediction Fizzles: Market Watch"},"content":{"rendered":"

After dipping to $80,500 once again on Sunday, bitcoin has rebounded swiftly and tapped $83,000 earlier today for the first time since the CPI-induced nosedive in the middle of the previous week.<\/p>\n

Most altcoins are also up in the green today, defying expectations for a Black Monday as markets opened earlier. At least for now.<\/p>\n

No Black Monday?<\/h2>\n

The CPI and PPI announcements<\/a> on October 14 and 15 last week brought a new wave of concern in the markets that inflation is not going down, as both metrics exceeded expectations. Naturally, risk-on assets such as bitcoin felt the pressure. BTC dumped from over $84,000 to a monthly low of just under $80,000 in about 24 hours.<\/p>\n

It reacted well to this major leg down and jumped to $82,800. However, it was rejected again on Friday alongside most financial markets and dipped below $81,000 again. The weekend was somewhat strange in terms of price action. Instead of the usual dull movement, there was a flash crash<\/a> on Saturday evening, which intensified the calls for a Black Monday, as it happened 39 years ago.<\/p>\n

Analysts were predicting<\/a> another massive black swan event as markets started to open on Monday morning, but that hasn\u2019t been the case so far. Just the opposite: the US futures markets are in the green, and so is BTC. The leading cryptocurrency is up by over 1% today and sits around $83,000.<\/p>\n

Its market cap has climbed to $1.660 trillion, while its dominance over the alts is well above 60%.<\/p>\n

<\/a>BTCUSD October 19. Source: TradingView<\/p>\n

Alts in Green Too<\/h2>\n

Ethereum has defended the $2,400 support after a mild increase since yesterday. XRP is also above a key support level, currently trading close to $1.32. SOL, HYPE, XMR, LINK, NEAR, and BCH have marked similar increases, while ZEC is up by 2.6% to $1,170.<\/p>\n

The biggest gains today come from ARB (9%) and RAY (7%), while TIA, STRK, and BTW have posted the most substantial losses.<\/p>\n

The cumulative market cap of all crypto assets has increased by over 1% on a 24-hour scale, and now sits at $2.760 trillion on CMC.<\/p>\n

<\/a>Cryptocurrency Market Overview October 19. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Bitcoin Eyes $83K as \u2018Black Monday\u2019 Prediction Fizzles: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After dipping to $80,500 once again on Sunday, bitcoin has rebounded swiftly and tapped $83,000 earlier today for the first time since the CPI-induced nosedive in the middle of the previous week. Most altcoins are also up in the green today, defying expectations for a Black Monday as markets opened earlier. At least for now. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-241093","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241093"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241093"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241093\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}