{"id":242715,"date":"2026-10-22T15:28:56","date_gmt":"2026-10-22T15:28:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=242715"},"modified":"2026-10-22T15:28:56","modified_gmt":"2026-10-22T15:28:56","slug":"bitcoin-price-today-us-money-supply-hits-23-3tn-why-is-btc-usd-falling-below-82000","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=242715","title":{"rendered":"Bitcoin Price Today: US Money Supply Hits $23.3Tn \u2013 Why is BTC USD Falling Below $82,000?"},"content":{"rendered":"

Bitcoin price has surrendered Wednesday\u2019s gains, falling towards $81,700 as renewed selling pressure threatens another test of $80,000. New analysis from 99Bitcoins identifies US monetary policy and dollar liquidity as the dominant forces behind BTC\u2019s direction in 2026, with six key indicators revealing why the cryptocurrency has struggled to sustain its recovery.<\/p>\n

Bitcoin (BTC) fell below $82,000 on Thursday, October 22, reversing Wednesday\u2019s recovery as renewed selling across risk assets exposed the fragility of the cryptocurrency market\u2019s latest rally. BTC USD traded around $81,700 during the US morning session, having fallen from Wednesday\u2019s high near $84,800. The decline briefly pushed Bitcoin towards $81,500, leaving the cryptocurrency down approximately 2.7% from the start of the UTC trading day.<\/p>\n

$BTC<\/a>:<\/p>\n

Nothing has changed in the big picture. Bitcoin remains above support and has just retested it once again. Every move back towards support seems to create another wave of panic, while the structure remains the same. My longs I announced few days ago on X from $81,000\u2026 pic.twitter.com\/YHe4fmYR4R<\/a><\/p>\n

\u2014 Doctor Profit (@DrProfitCrypto) October 22, 2026<\/a><\/p>\n\n

The reversal is particularly significant given Wednesday\u2019s encouraging recovery. Bitcoin had climbed from approximately $83,000 towards $85,000, raising hopes that buyers were finally regaining control following the previous week\u2019s volatility. Instead, selling returned before the market could challenge resistance around $86,000.<\/p>\n

The decline comes against a difficult inflation backdrop. September\u2019s US Consumer Price Index rose 3.7% year-on-year, accelerating from 3.4% in August. Gasoline prices jumped 9.1% during the month, accounting for more than half the headline monthly increase.<\/p>\n

The US affordability crisis is worsening:<\/p>\n

Food prices have surged +34.5% since December 2019, now at their highest level on record.<\/p>\n

Rent and grocery prices have risen +33.3% and +30.0%, respectively.<\/p>\n

Furthermore, motor vehicle maintenance and repair prices have soared +55.2%\u2026 pic.twitter.com\/ZTldXbMgu5<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) October 20, 2026<\/a><\/p>\n\n

Inflation has intensified scrutiny of the Federal Reserve\u2019s October 28 interest-rate decision, although markets have recently reduced expectations of another rate hike.<\/p>\n

Bitcoin\u2019s inability to hold Wednesday\u2019s gains suggests that diminishing rate-hike expectations alone are insufficient to sustain buying pressure. With BTC back below $82,000, the market is confronting an increasingly uncomfortable reality: monetary conditions remain too restrictive to deliver a convincing breakout.<\/p>\n

Bitcoin Price Analysis: $80,000 Support Faces Another Test<\/strong><\/h2>\n

Bitcoin\u2019s October price structure has deteriorated following the rejection near $84,800. Wednesday\u2019s advance briefly restored bullish momentum, but the failure to establish support above $84,000 has returned control to sellers.<\/p>\n

The immediate technical challenge is reclaiming the $83,000 region, followed by Wednesday\u2019s high around $84,800. Beyond that, the $86,000 to $87,000 resistance zone remains the principal obstacle to a stronger recovery.<\/p>\n

<\/span><\/p>\n

\n
\n
\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
Market Cap<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
\n
\n\t\t\t\t