Bitcoin, Ethereum, XRP and Dogecoin Decline as Oil Prices Rise
Bitcoin fell to $81,747.83, while Ethereum, XRP, Solana and Dogecoin also declined. More than $775 million in crypto positions were liquidated over 24 hours, according to Coinglass data.
Leading cryptocurrencies plunged on Monday as geopolitical uncertainty and upcoming inflation data kept investors on edge. m. 0817 Crypto Market Plunges Bitcoin nearly slipped below the $81,000 mark before staging a late-evening rebound. Ethereum dipped to the $2,400 level and is now down nearly 10% over the last week.
XRP and Dogecoin also recorded steep drops. Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 83%, respectively.
More than $775 million in cryptocurrency positions were liquidated over the past 24 hours, including $493 million in just the last four hours, according to Coinglass data. Long position traders bore the brunt of the losses. 64% over the last 24 hours. Retail and whale derivatives traders on Binance, meanwhile, flipped “Bullish” on BTC, increasing their long exposure.
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Is He Greedy? Dow Rallies, S&P Near Flatline Stocks had a mixed day on Monday. 55. 90.
Russian strikes on Ukrainian energy facilities continued even after President Donald Trump announced an “energy ceasefire” between the two countries. 03 on Monday. ‘Pullback Isn’t the End of Anything’ Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that whales have increased accumulation as Bitcoin fell from $87,000 toward $80,000. However, they believe the asset still needs to clear a key “hurdle” first.
“On-chain data shows nearly 800,000 BTC were previously traded around $84,569. A break above this supply zone would strengthen the case for a move higher,” the analyst predicted. 2/5 As Bitcoin fell from $87,000 toward $80,000, whales added 16,010 $BTC over five days. 305% increase while the price was declining.
com/gCf8Ow2sbr — Ali Charts (@alicharts) October 12, 2026 Technical analyst Kevin said that a year-end pullback was inevitable, although their “plan” remains unchanged: $77,000-$83,000 keeps $93,000-$100,000 in play, while a close below $77,000 opens $67,000-$76,000 “CPI Wednesday is the catalyst. A pullback isn’t the end of anything. It’s the next opportunity for the sidelined and should result in a higher low,” Kevin added. 5K and the 2—3 day indicators are starting to roll over.
com/mRqXqRevx3 — Kevin (@Kev_Capital_TA) October 12, 2026 Read Also: The Next Crypto Trade Could Be Tokenized Stocks, But What’s So Great About It? com