Bitcoin’s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000
Bitcoin registered an intraday low of $79,730 before recovering to around $82,000 as surging US wholesale inflation intensified a cryptocurrency selloff that triggered nearly $940 million in liquidations. This price action extended losses as stronger-than-expected inflation data raised concerns about another interest rate hike by the Federal Reserve. According to CoinGlass, 176,506 traders were…
Bitcoin fell to an intraday low of $79,730 before recovering to around $82,000, as surging US wholesale inflation triggered a crypto selloff that liquidated nearly $940 million across 176,506 traders. The stronger-than-expected inflation data raised concerns about another Federal Reserve interest rate hike, extending losses and pushing BTC further from its $100,000 target. Traders are now watching the $78,000 level as a key downside support, with the macro backdrop weighing heavily on risk assets.
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49M AGOYou’re reading thisBitcoin’s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000CryptoSlate · Score 85
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8H AGOCryptoSlate · Score 55 · via $78,000, toward $78,000
