Bitcoin Price Drops Below 82,000 Following Risk Aversion Surge

Bybit and Block Scholes have released a new report revealing the Bitcoin price has dropped below $82,000, following increased risk aversion in crypto markets. The report highlights that this decline is attributed to recent events such as strong US jobs data and the postponement of the October employment report. This combination of factors, alongside volatility in derivatives markets, suggests potential for further market instability.