Bitcoin below $82,000, Ether below $2,500: Will the $81,000 level hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The crypto market has lost 4.50 percent within 24 hours, with Bitcoin at $81,712 and Ether at $2,420. The US price report on Wednesday came in above forecast and turns rate expectations, while leverage on the futures market has largely been worked off. This piece sorts out both: prices, liquidations and ETF flows are sourced and linked, and the assessment at the end is the newsroom's own view.The crypto market is still falling, but the driver has changed. The total capitalisation of all crypto assets stood at $2.76 trillion on Wednesday afternoon, 4.50 percent below its level 24 hours earlier. Bitcoin trades at $81,712 after a daily high of $84,025, Ether at $2,420 after $2,525. The trigger was the US consumer price index for September: it landed on Wednesday at 2:30 p.m. German time and came in above forecast. What sets this day apart from the ones before it changes the outlook for the days ahead. On October 12 and 13 leverage was the driver, and forced selling on the futures m...