CandleFocus Bitcoin Price Falls Under $60,000 as $150 Million in Crypto Longs Get Rekt
2024-10-10
Author: Content Editor
Despite the expectations for rising crypto prices in October, Bitcoin's price has been struggling and dropped below $60,000 per coin. Futures traders have experienced losses, with over $150 million in long positions being liquidated across all cryptocurrencies. Tensions in the Middle East and the weaker-than-expected U.S. Consumer Price Index report, combined with the SEC's continued crypto crackdown, could further impact the price of Bitcoin and other top assets. Ethereum has also seen minimal movement and is trading around $2,368, while Solana has dropped by nearly 2% in the past day.
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