Bitcoin Sinks Nearly 3% to $26.7K; Bulls Ponder How Low It Can Go

Among 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 near $1,550. Crypto derivatives traders who bet on higher prices with long positions suffered $50 million in liquidations during the day, CoinGlass data shows. BTC constituted $22.5 million of the liquidations, marking the second-highest reading this month.

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• Source: https://www.coindesk.com/markets/2023/10/11/bitcoin-sinks-nearly-3-to-267k-bulls-ponder-how-low-it-can-go/?utm_medium=referral&utm_source=rss&utm_campaign=headlines