Bitcoin back above $80,000 after weekend fall to $79,146 and more than $810 million in liquidations

Bitcoin was trading at about $80,720 as of 5:55pm GMT on Sunday 25 October, up about 0.6% over 24 hours, according to CoinGecko data, after a weekend fall took it below $80,000.

The largest cryptocurrency fell as low as $79,146 on Saturday, its weakest level in more than a month, before climbing back above $80,000, Investing.com reported. More than $810 million of leveraged cryptocurrency positions were liquidated over 24 hours, about $689 million of them bets on rising prices, according to Coinglass data cited by Investing.com. A liquidation happens when an exchange forcibly closes a borrowed position because the trader’s collateral no longer covers losses.

Other major coins as of 5:55pm GMT on Sunday, according to CoinGecko:

Coin	Price	24-hour change
Ether (ETH)	$2,354	+1.4%
BNB	$742	+2.3%
XRP	$1.30	+2.2%
Solana (SOL)	$101.77	+1.3%
Dogecoin (DOGE)	$0.077	+1.1%

On Friday 23 October, bitcoin had traded at about $81,470, according to CoinGecko data at the time. US spot bitcoin exchange-traded funds recorded net outflows of US$137.9 million on Friday, according to Farside Investors.

Separately, hardware wallet maker Keystone disclosed a breach of customer data including names, contact details, shipping addresses and purchase details, Investing.com reported. The company said private keys, recovery phrases and payment information were not affected and warned customers about possible phishing attempts.

The US Federal Reserve announces its next interest rate decision on Wednesday 28 October.

See also: Bitcoin steady near $81,500 on Friday and last week’s US crypto ETF flows.