Bitcoin price today: Why BTC USD fell below $83,000 as $714 million in crypto positions were liquidated

Economic Times - Oct 7, 2026

Bitcoin's price dropped to $83,000 following a significant sell-off in the cryptocurrency market. More than $714 million worth of crypto positions were liquidated in the past 24 hours. Ethereum and several altcoins, including XRP and Dogecoin, also experienced declines. Concurrently, oil prices rose above $101 per barrel, adding to inflation concerns.

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Jharkhand DGP appointment violates apex court directions: Centre in Supreme Court
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The central government has filed a petition in the Supreme Court questioning the recent appointment of Tadasha Mishra as DGP of Jharkhand, citing breaches of guidelines set in the Prakash Singh judgment. The petition also challenges the validity of the 2025 regulation under which the appointment was made, and raises concerns about the previous appointment of Anurag Gupta. A three-judge bench will review the Centre's petition shortly.

Rahul Gandhi tells Congress leaders to spring surprises, catch eyeballs in protests
Oct 7, 2026
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Rahul Gandhi encouraged Congress leaders to adopt creative and eye-catching strategies for their protests. He pointed out the significance of unexpected actions that foster social media buzz. Recent demonstrations featuring striking elements, such as barricade climbing and sit-ins, were mentioned as successful approaches. These innovative methods aim to resonate with younger audiences while boosting their outreach initiatives. Party members are now gearing up for more surprising tactics in upcoming events.

West Bengal to be renamed as 'Paschim Banga': State BJP Chief Samik Bhattacharya
Oct 7, 2026
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West Bengal will be renamed as 'Paschim Banga' following a proposal from the BJP party. The proposal will first undergo approval in the assembly before moving to the Centre. BJP president Samik Bhattacharya stated that this new name preserves the state's historical identity. This follows the previous government's attempt to change the name to 'Bangla', which was rejected.

Anushka Sharma and family buy three apartments worth Rs 44 crore on same floor of Godrej Skyshore in Mumbai's Versova
Oct 7, 2026
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What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals
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CJI Surya Kant says SC will examine plea seeking recall of split verdict on poll panel law
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According to the latest minutes from the US Federal Reserve, officials hint at a possible interest rate rise by year's end in response to ongoing inflation challenges. With inflation reaching a high of 7.2% in June 2022, fluctuations have continued amid worries over geopolitical events and escalating energy costs. The Fed faces the complex task of controlling inflation while ensuring stable employment within the economy.

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