Bitcoin Price Falls Below $84,000 as $487 Million in Longs Liquidate
Bitcoin price falls below $84,000 as leveraged bets on further gains unraveled, with most of the damage packed into a few hours late Tuesday. The Bitcoin price slid to a 24-hour low of $83,647.88, as Bitcoin long liquidations piled up and a Bitcoin liquidation wave fed a wider crypto market selloff. Longs made up nearly 97% of the liquidations during the sharpest four-hour stretch, while US government-linked wallets also moved $103 million in BTC and BNB ahead of the US midterms. Also Read: Institutions Selling Gold For Bitcoin: Big Rally Incoming? Bitcoin Price Falls as Long Liquidations Shake Crypto Markets Source: KuCoin The world’s largest cryptocurrency lost 1.7% over 24 hours and traded at $84,071 as of 11:20 p.m. ET on Tuesday, according to The Block. Ethereum fared worse, dropping 3.3% to $2,612. At the time of writing, the Bitcoin price stands at $83,984 on CoinGecko, inside a 24-hour range of $83,647.88 to $86,648.14. Even as the Bitcoin price falls, BTC still holds a 1....