South Korea · Bitcoin · Ethereum · U.S. Treasury · The Block
Bitcoin slides below $82,000 as crypto liquidations surge past $770 million
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Bitcoin Bitcoin (BTC) fell below $82,000 on Monday evening, with other major cryptocurrencies falling across the board and crypto liquidations surging.
Key facts
- Earlier on Monday, Michael Saylor's Strategy disclosed that it acquired an additional 250 BTC for approximately $21.5 million at an average price of $86,194 per bitcoin between Oct. 5 and Oct. 11
- The sell-off came as crypto liquidations amounted to $771 million over the past 24 hours, including $685.6 million in long positions, according to CoinGlass data
- The world's largest cryptocurrency dropped 2.8% over the past 24 hours to $81,382 as of 9:20 p.m
- Zcash posted the steepest decline among the top 10 cryptocurrencies, trading down 10.4% at $1,149
Summary
The world's largest cryptocurrency dropped 2.8% over the past 24 hours to $81,382 as of 9:20 p.m. Zcash posted the steepest decline among the top 10 cryptocurrencies, trading down 10.4% at $1,149. The sell-off came as crypto liquidations amounted to $771 million over the past 24 hours, including $685.6 million in long positions, according to CoinGlass data. Liquidations occur when a trader's positions in a particular market are forcibly closed due to significant losses or insufficient margin to meet the maintenance requirements.