Cryptocurrency Prices Today, Thursday 23 Mehr 1405 | Bitcoin Drops Below $82,000 Level | Ethereum Turns Red

Cryptocurrency markets today, Thursday 23 Mehr, are facing a broad wave of price declines. Bitcoin has retreated from the $82,000 range, Ethereum has fallen nearly 6 percent, and Zcash has dropped more than 12 percent, placing it among the biggest losers in the market.

Digital currency - Meshya Heydarian; The cryptocurrency market has faced a wide wave of price reductions in today's transactions, Thursday, October 23. The trading environment is affected by economic concerns and the decrease in investors' desire for risky assets, and a large part of cryptocurrencies are traded in the negative range.

Bitcoin said goodbye to the $82,000 channel

The price of Bitcoin reached about 81 thousand 981 dollars today, Thursday, October 23, and has decreased by nearly three percent in the last 24 hours. The market value of this cryptocurrency is estimated at one trillion and 630 billion dollars, and the share of Bitcoin in the total digital currency market has reached 59.87%.

Bitcoin's fall has occurred in a situation where concerns about the outlook of the US economy and the path of interest rates continue to cast a shadow over the financial markets. Increased investor sensitivity to inflation data and changing expectations about the Federal Reserve's monetary policy could weigh on demand for bitcoin's positive volatile assets.

The $80,000 range is now one of the important levels to assess the short-term trend of Bitcoin. Maintaining this level can help stabilize the price, but continued selling pressure and increased leveraged trading may provide the basis for further declines. Of course, the mere decrease in price is not enough to conclude about the continuation of the downward trend, and the volume of transactions and the behavior of buyers are also important.

Ethereum fell by nearly 6%

Today, Thursday, 23 Mehr 1405, Ethereum is one of the big cryptocurrencies with a significant price drop. The price of this asset reached about 2 thousand 389 dollars and recorded a decrease of 5.95% in 24 hours. The market value of Ethereum has also reached about 288 billion dollars.

Ethereum's decline, along with Bitcoin's price decline, indicates that the selling pressure is not limited to the second largest cryptocurrency in the market and has involved a wider segment of digital assets. Changes in the capital flow of ethereum-based exchange-traded funds, the state of the derivative market, and developments in the US economy are some of the factors that traders monitor to evaluate the next path of this cryptocurrency.

The continuation of Ethereum's price drop can put more pressure on altcoins dependent on this network's ecosystem. Nevertheless, to recognize the possibility of price return, one should wait for a noticeable change in demand and a reduction in sales pressure.

The drop in prices has also reached the prominent cryptocurrencies of the market. Binancecoin is trading at $728.54 with a decrease of 3.15%. The price of Ripple has reached around $1.32 and recorded a decrease of 5.07%.

Solana has also reached $103.81 with a decrease of 4.79%. Cardano is in the range of $0.22 with a drop of 6.51%, and Chinalink has reached $12.20 with a drop of 7.10%.

Among other prominent cryptocurrencies, Tron has moved against the general trend of the market. The price of this asset has reached $0.3367 with a limited growth of 0.27%. Leo also recorded an increase of 0.30%, but the limited growth of these two cryptocurrencies against the wide market decline is not a definite sign of a change in the trend.

ZCash fell by more than 12%

Zee Cash (ZEC) has experienced one of the heaviest daily drops among major cryptocurrencies. The price of this asset has reached about one thousand and 111 dollars and has decreased by 12.54% in the last 24 hours.

PUMP has also dropped by 14.9% to $0.00435. Etna (ENA) with a decrease of 12.43%, Rhidium (RAY) with a decrease of 11.21% and Filecoin (FIL) with a decrease of 10.76% are other cryptocurrencies in the market.

The different severity of the altcoin price drop shows that the amount of selling pressure is not the same in all market segments. Volatile assets may experience further declines when investors' appetite for risk declines. However, determining the exact reason for the price drop of each cryptocurrency requires the examination of exclusive news, the volume of transactions and the status of its trading positions.

Tether price today, Thursday, October 23, 1405

It has become a bit difficult to check the price of Tether these days. Most digital currency exchanges do not display the price of Tether, and finding out the price of Riyal Tether compared to previous weeks requires more investigation and searching.

According to the latest checks by Ambassador Arjan from the website of one of the cryptocurrency exchanges, the price of Tether at the time of writing this report has reached 266 thousand 156 tomans. This cryptocurrency has grown by 2.15% in the last 24 hours.

Tether price situation during the past day and night

US inflation data and expectations related to the Federal Reserve's monetary policy are important factors affecting the financial markets. Concerns about the persistence of inflation at high levels can weaken the possibility of a rapid reduction in interest rates and lead investors to be more cautious in high-risk markets.

An increase in interest rates or the continuation of a contractionary monetary policy usually raises the cost of financing and increases the relative attractiveness of low-risk assets. Cryptocurrencies are also affected by this change in investor behavior; Especially when the tech stock market is facing a price drop at the same time.

Falling stock markets and increasing investors' caution

Asian stock markets faced a significant drop in trading today, Thursday, October 23 (October 15, 2026). Japan's Nikkei index fell by 5.4% and South Korea's Caspian Index fell by nearly 8%.

Concerns about funding costs for tech companies, investment in AI infrastructure and the outlook for interest rates are among the factors weighing on global markets. The simultaneous decline of stocks and cryptocurrencies can be a sign of a decrease in the willingness of investors to accept risk, although the reason for the fluctuations of each market should be investigated separately.

liquidation of leveraged transactions; A factor that exacerbates fluctuations

Forced closing of leveraged trading positions can also increase the severity of the price drop. In leveraged trading, investors use credit to enter positions larger than their initial capital. When the market moves against the direction of the trade, the exchange may forcefully close the position to limit losses.

The liquidation of leveraged buying positions following a price drop can intensify the downward pressure of the market by activating forced sales. Having said that, in order to evaluate the role of these transactions in today's (October 23) drop, it is necessary to check the updated statistics of liquidations.

Does the cryptocurrency market continue to fall?

The short-term path of the digital currency market depends on the reaction of Bitcoin in the range of $80,000, the US inflation situation, interest rate expectations and the capital flow of stock exchange funds. Maintaining price support and the return of cash demand can help stabilize the market, but the failure of important levels along with increased selling pressure raises the possibility of further declines.

In the current situation, the simultaneous decrease in the price of Bitcoin, Ethereum and a large part of altcoins indicates the widespread weakness of the market. The limited growth of several cryptocurrencies is also not enough to confirm the end of the bearish trend.