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Bitcoin Price (BTC) Hits October Low as Crypto Bulls Endure $50M in Liquidations

October 12, 2023
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Amongst large-cap cryptos, the Ripple Labs-related (XRP), litecoin (LTC) and Polkadot’s native token (DOT) fell 2%-3%. Ether (ETH) outperformed BTC and the CMI, declining 0.7% to close $1,550. Crypto derivatives merchants who wager on increased costs with lengthy positions suffered $50 million in liquidations throughout the day, CoinGlass information reveals. BTC constituted $22.5 million of the liquidations, marking the second-highest studying this month.



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Tags: 50MBitcoinBTCBullscryptoEndurehitsLiquidationsOctoberPrice
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