Why is the Crypto Market Down Today (October 26)?
Photo: CaptainAltcoin
Crypto is “red” again on October 26, with Bitcoin hovering near $80,000 and Ethereum struggling around $2,300. Bitcoin traded near $80,340 during Monday’s session after briefly falling below $80,000, while Ethereum sat around $2,327. The weakness is not coming from one isolated crypto headline. Leverage, ETF outflows, Fed caution and a softer risk backdrop are all hitting the market at the same time. Bitcoin Liquidations Turn a Small Drop Into a Bigger Move One of the clearest drivers is leverage. Bitcoin liquidations jumped about 186% over 24 hours to roughly $52.27 million, with long liquidations accounting for around $33.79 million.
Source: CaptainAltcoin
