Bitcoin drops 1.9% in the last hour, now near $68,842
Bitcoin moved −1.95% within one hour on Binance futures, trading around $68,842. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
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Bitcoin moved −1.95% within one hour on Binance futures, trading around $68,842. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
The crypto market sell-off accelerated early Friday, pushing bitcoin below $70,000 and ether below $2,000. Large liquidations in the futures market show that many leveraged traders were forced to close positions, which can add pressure to prices.
Bitcoin fell below $70,000 and ether dropped under $2,000 in an early Friday selloff. Large liquidations in the futures market added to the pressure. The Dollar Index hit a 19-month high, a move that may make risk assets like crypto harder to hold for traders.
The US Department of Justice won court approval to seize $1.2 billion in crypto that North Korea stole from Binance. It also took down a $400 million deepfake theft scheme. Enforcement actions like these can affect how traders view security and risk in the crypto market.
Bitcoin traded near $71,200 on Thursday evening after dropping to a fresh session low near $71,000, its weakest level since Aug. 20. The 10-year yield staying above 5% is the backdrop, and it may keep pressure on crypto prices.
A 13F filing shows Jane Street held 4,119,097 Strategy (MSTR) shares as of Sept. 30, a rise of 53.8%. Because the figures are from a past date, traders can read them as a sign of institutional interest rather than a live position.
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