Bitcoin plunges below $84K, sparking $600M in crypto liquidations.
- Bitcoin fell from a multi‑day peak of $87,200 to under $84,000, a drop of well over $3,000 in hours after the US jobs report.
- Ethereum slipped from $2,750 to $2,650, while XRP moved from $1.55 to $1.45; ZEC, DOGE, LINK, XMR and ADA posted losses up to 7% today.
- The crypto market cap shed almost $80 billion, sitting at $2.880 trillion, and CoinGlass recorded liquidated positions exceeding $570 million in the past 24 hours, including $186 million in the last hour, with 99% of those liquidations coming from long positions.
- The single‑largest wrecked order on Binance was valued at nearly $12 million.
Will the recent jobs data reshape short‑term crypto positioning, or is this a temporary pullback?
#Bitcoin #Crypto #Ethereum #MacroEconomy
- Bitcoin fell from a multi‑day peak of $87,200 to under $84,000, a drop of well over $3,000 in hours after the US jobs report.
- Ethereum slipped from $2,750 to $2,650, while XRP moved from $1.55 to $1.45; ZEC, DOGE, LINK, XMR and ADA posted losses up to 7% today.
- The crypto market cap shed almost $80 billion, sitting at $2.880 trillion, and CoinGlass recorded liquidated positions exceeding $570 million in the past 24 hours, including $186 million in the last hour, with 99% of those liquidations coming from long positions.
- The single‑largest wrecked order on Binance was valued at nearly $12 million.
Will the recent jobs data reshape short‑term crypto positioning, or is this a temporary pullback?
#Bitcoin #Crypto #Ethereum #MacroEconomy
