📉 CRYPTO MARKET SLIPS Again on October 3🤯👉👉👉
The total crypto market cap dropped about 1.8% in 24 hours to roughly $2.88T. $BTC rallied past $87,000 after Friday's jobs data, then reversed and now trades near $84,600 (down about 1.9%). $ETH is around $2,684 (down 2.1%) and $XRP is near $1.48 (down 3.7%). $SOL and $DOGE also lost ground.
🧾 Why the pullback?
US payrolls added only 29K jobs in September against a 90K forecast, and unemployment rose to 4.2%. Odds of an October Fed rate hike fell to about 17%, which gave markets a short-lived boost before sellers took over.
💥 Liquidations hit longs hardest
About $433M was liquidated in 24 hours, and long positions made up around 74% of that ($321M). Forced closures added pressure on the way down.
🏦 ETF flows turned negative
On September 30, US spot Bitcoin ETFs saw $149M in outflows and Ethereum ETFs saw $59.58M, about $208M combined. That ended Bitcoin's nine-day inflow streak, though September as a whole still saw $2.65B into BTC funds and $832M into ETH funds.
📊 Levels to watch
$87,000 is the resistance that rejected the rally, and the recent low near $83,900 is the support to track. Altcoins like $LINK and $SOL will likely follow BTC's direction in the short term.
#Bitcoin #Ethereum #XRP #CryptoNews #BinanceSquare
Not financial advice. Always do your own research.
The total crypto market cap dropped about 1.8% in 24 hours to roughly $2.88T. $BTC rallied past $87,000 after Friday's jobs data, then reversed and now trades near $84,600 (down about 1.9%). $ETH is around $2,684 (down 2.1%) and $XRP is near $1.48 (down 3.7%). $SOL and $DOGE also lost ground.
🧾 Why the pullback?
US payrolls added only 29K jobs in September against a 90K forecast, and unemployment rose to 4.2%. Odds of an October Fed rate hike fell to about 17%, which gave markets a short-lived boost before sellers took over.
💥 Liquidations hit longs hardest
About $433M was liquidated in 24 hours, and long positions made up around 74% of that ($321M). Forced closures added pressure on the way down.
🏦 ETF flows turned negative
On September 30, US spot Bitcoin ETFs saw $149M in outflows and Ethereum ETFs saw $59.58M, about $208M combined. That ended Bitcoin's nine-day inflow streak, though September as a whole still saw $2.65B into BTC funds and $832M into ETH funds.
📊 Levels to watch
$87,000 is the resistance that rejected the rally, and the recent low near $83,900 is the support to track. Altcoins like $LINK and $SOL will likely follow BTC's direction in the short term.
#Bitcoin #Ethereum #XRP #CryptoNews #BinanceSquare
Not financial advice. Always do your own research.
