Tether Plunges, Bitcoin Retreats, Altcoins Under Selling Pressure

Bitcoin and most altcoins declined today, Monday, October 12, 2026 (20 Mehr 1405), although some lesser-known altcoins moved in a different direction. Meanwhile, Tether has dropped to the 260,000-toman range in the domestic market.

Digital currency - Meshya Heydarian; The digital currency market spends Monday 20 Mehr 1405 with red color dominating a large part of the market. The price reduction of a number of major cryptocurrencies and the sharper drop of some altcoins indicate the caution of traders; However, a number of digital assets have grown against the prevailing market flow.

The last price of Bitcoin and Ethereum today, October 12, 2026

At the time of writing this report, the price of Bitcoin has reached $82,775 and has decreased by 0.83% in the last 24 hours. The market value of Bitcoin is about 1,678 billion dollars and its daily trading volume is nearly 5.97 billion dollars.

Unlike Bitcoin, Ethereum has had a positive change and is trading in the range of $2,532 with a growth of 0.18%. The market value of Ethereum has reached about 311.6 billion dollars. The performance gap of these two cryptocurrencies shows that the selling pressure in the market is not the same and some large assets have been able to show more resistance against the price drop.

Binance Coin has also reached $746.23 with a decrease of 0.99%. Ripple has experienced a further decline and is trading in the range of one dollar and 37 cents with a decrease of 2.6%. Solana also reached $109.03 with a drop of 1.85%.

Dogecoin is in the range of $0.085 with a decrease of 1.91%. Cardano is also one of the weakest cryptocurrencies in the market and has reached $0.243 with a drop of 3.76%. These figures indicate more pressure on some altcoins compared to Ethereum.

The current price of Tether in the Iranian market has reached 260 thousand 500 tomans. The lowest price recorded in the 24-hour period was 264 thousand 100 tomans and the highest rate was 264 thousand 200 tomans.

The limited distance of Tether's spot price from the daily floor, along with its distance from the trading ceiling, provides a picture of the volatility of this stablecoin in the domestic market. Despite this, in order to determine the future direction of the Tether price, one should also examine the changes in the dollar rate in the Iranian market, the amount of buying and selling demand and its price trend in the global market.

The downward trend of the Tether price in the last week

Why is the price of Bitcoin and altcoins under pressure?

The cryptocurrency market has faced a series of economic and financial pressures in recent days. The increase in the yield of American treasury bonds, the concern about the continuation of inflationary pressures and the change of expectations about the monetary policy of the Federal Reserve are among the factors that can reduce the attractiveness of risky assets.

In the past week, the rise in long-term US bond yields and the rise in oil prices fueled losses in Bitcoin, Ethereum and Ripple. Market reports on October 7 also reported a 2.7% drop in Bitcoin, a 5% drop in Ethereum, and a 5.5% drop in Ripple.

On Monday, October 12, there were also signs of a limited recovery in the Bitcoin price. According to the report of Crypto Times, the reduction in the selling pressure of Bitcoin Exchange Traded Funds and the closing of some short selling positions had helped to improve the price of this cryptocurrency. However, temporary price growth alone is not enough to confirm the end of the downtrend.

Treasury yields, the path of oil prices and US inflation data continue to be important variables for crypto market traders. If the cost of financing in the US economy remains high, the demand for risky assets may be further constrained.

capital withdrawal from ETF funds; An obstacle to the sustainable growth of Bitcoin

Capital flow in cryptocurrency exchange-traded funds is also one of the important indicators for evaluating the demand of institutional investors. Reports published on October 12 indicate significant capital outflows from US Bitcoin and Ethereum spot funds in the past trading week.

Bitcoin spot funds recorded a net outflow of about $678.9 million in the week ending October 9, according to the Bitcoin Foundation. Ethereum funds also faced the withdrawal of about 542.2 million dollars. The sum of these two figures reaches more than 1.2 billion dollars.

The withdrawal of capital from ETFs does not necessarily mean the beginning of a long-term downward trend, but its continuation could be a sign of a decrease in the desire of some institutional investors to increase their positions. For a more accurate assessment, the flow of capital inflows and outflows in the coming days should be examined along with the cash price of Bitcoin and the volume of transactions.

Which cryptocurrencies have had the most growth and decline today?

Pyth Network (PYTH) has been one of the best performers with a growth of 17.79% and a price of $0.090069. BDX also registered a 12.37% price increase and reached $0.091535.

LearZero (ZRO) increased by 9.35% and reached $2.317, and RENDER reached $2.075 with an increase of 5.35%. Filecoin (FIL) and Internet Computer (ICP) have grown by 4.58% and 4.37% respectively.

On the opposite side, Jupiter (JUP) recorded one of the weakest performances with a drop of 9.96% and a price of $0.3506. Aptus (APT) also decreased by 10.26% and reached $0.867. Worldcoin (WLD) with a drop of 8.19%, Cosmos (ATOM) with a drop of 8.77% and Pumpfan (PUMP) with a drop of 6.73% are other market losers.

Cryptocurrency market map, right now

The difference in the performance of cryptocurrencies indicates that growth is taking place in a limited part of the market and the increase in the price of several tokens cannot be considered as a sign of the overall improvement of the market. To recognize the strength of these movements, the volume of transactions and the continuation of growth in the coming days are also important.

Bitcoin price prediction and cryptocurrency market

The short-term trajectory of the cryptocurrency market depends on a combination of economic factors, capital flows, and trader behavior. Bitcoin's return to the range above $84,000 in part of Monday's trading was a sign that the market was trying to recover the price; But the price data provided for this report shows Bitcoin at $82,775 and in negative territory. This difference can be due to the time of data recording and the prices of different sources should not be compared with each other regardless of the update time.

In the continuation of trading, maintaining the recent price levels and improving the capital flow of spot funds can help to reduce selling pressure. On the other hand, the continuation of capital outflows, the increase in US bond yields and the intensification of inflationary concerns may prevent the formation of a sustainable upward trend.

For Iranian traders, checking the global price of Bitcoin and altcoins with Tether rate is especially important; Because the change in the Toman value of digital assets is not only affected by the global price of cryptocurrencies, and the fluctuation of the Tether rate can also change the final value of the investment portfolio.