What happened to “Uptober” for Bitcoin? Despite being 10 days into October—a month famed by investors for rising crypto prices in the past—the price of the leading asset is struggling.
Bitcoin’s price dropped below $60,000 per coin Thursday afternoon New York time, even briefly dipping below the $59,000 mark. It now stands at $59,810.
The asset is now well below its March all-time high of $73,737, CoinGecko data shows. Early this month, it appeared to fast be approaching $64,000 per coin after hanging above the $60,000 mark for the last three weeks.
Futures traders are hurting as a result of the latest dip: Over the past 24 hours, over $150 million in long positions have been liquidated across all cryptocurrencies, CoinGlass data
