Bitcoin’s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000
Bitcoin registered an intraday low of $79,730 before recovering to around $82,000 as surging US wholesale inflation intensified a cryptocurrency selloff that triggered nearly $940 million in liquidations. This price action extended losses as stronger-than-expected inflation data raised concerns about another interest rate hike by the Federal Reserve. According to CoinGlass, 176,506 traders were liquidated… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin registered an intraday low of $79,730 before recovering to around $82,000 as surging US wholesale inflation intensified a cryptocurrency selloff that triggered nearly $940 million in liquidations.
- This price action extended losses as stronger-than-expected inflation data raised concerns about another interest rate hike by the Federal Reserve.
- According to CoinGlass, 176,506 traders were liquidated… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Farcaster acquired by Balaji’s Network School, with new ‘social smart contract’ for users
Balaji Srinivasan's Network School acquired Farcaster from Neynar. Users must sign a "social smart contract" or drop to read-only access.
Two firms control corporate Bitcoin buys, even as business adoption broadens
River’s net holdings figures show concentration, while issuer disclosures separate fresh purchases from merger transfers, expected financing and share buybacks. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch…
Solana’s Alpenglow Upgrade Arrives Oct. 21 With a Major Speed Boost
Earlier this week, the Solana-focused research and development firm Anza revealed that Solana’s highly anticipated upgrade Alpenglow is scheduled to activate on Wednesday, Oct. 21, 2026. According to developers and Solana documentation, Alpenglow is expected…