Bitcoin stuck around $108K. What’s behind the pause in the crypto rally?
After a bright start to October, the cryptocurrency market has once again turned cautious. Renewed volatility has hit major digital assets, with traders becoming more selective after the early-month “flash crash” that wiped out over $19 billion in leveraged positions, the biggest single-day liquidation in crypto history.
BITCOIN HOLDS NEAR $108K AS MARKET AWAITS DIRECTION
Bitcoin, the world’s largest and most popular cryptocurrency, slipped by nearly 1.94% over the past week and was trading around $108,922 at the time of writing, according to Coinmarketcap. Ethereum, its closest rival, also fell by 3.57% in the same period.
According to the CoinSwitch Markets Desk, “BTC is steady around the $108K mark, awaiting a clear directional…
