Bitcoin, Ether Under Pressure as Altcoins Reel, Futures Flash Caution: Crypto Daybook Americas
By Francisco Rodrigues (All times ET unless indicated otherwise)
Bitcoin (BTC) briefly slipped below $100,000 for the first time since June as a wave of liquidations and shifting macro expectations triggered a broad crypto sell-off.
The leading cryptocurrency is now down more than 20% from the all-time high above $126,000 it set in early October. The broader crypto market, as measured via the CoinDesk 20 (CD20) index, fell 2.6% in the last 24 hours and more than 27% in the past 30 days.
The sell-off intensified in the past 24 hours with more than $1.7 billion in crypto positions liquidated, according to CoinGlass. Long traders bore the brunt of the losses.
“Since the ~$19B liquidations on 10/10, markets have been cascading lower,” Jasper De…
