The primary cryptocurrency has surged to a multi-month peak of nearly $68,000, leading to speculation that October will be a bullish month. After reaching a three-week peak of $66,500 earlier today, the cryptocurrency broke through resistance levels and rose to $67,950. This surge has resulted in significant gains for larger- and lower-cap altcoins, but has negatively impacted short, over-leveraged traders, with over $260 million in liquidations in the past 24 hours. $65 million of those liquidations occurred in the past hour, with BTC responsible for nearly half of it.



Other News from Today