Bitcoin▼ Bearish● Important

Bitcoin slips 3% near $81.5K ETF cost basis as Iran comments hit stocks

TradingGain Newsroom·8d ago·22 Oct 2026, 16:20 UTC

Bitcoin extended its daily losses to 3% as US stocks fell under pressure from President Donald Trump's comments on Iran military action. The drop brought Bitcoin close to $81.5K, the average cost basis of spot Bitcoin ETF buyers. Traders may watch whether the market treats this level as support or resistance.

BTCAt the time of writing, Bitcoin traded at $81,549 (-3.7% in 24h).Live price →

Why it matters

Bitcoin's losses deepened to 3% on the day, adding to recent weakness.
US stocks also came under pressure, so the selloff spread beyond crypto.
Bitcoin is trading near $81.5K, a level tied to spot ETF buyers' average entry price.

What to watch next

Watch whether Bitcoin holds above the $81.5K ETF cost basis or falls below it, and how US stocks react to further comments on Iran.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.