Market News / Story
Bitcoin crash sends crypto market, stocks into bloodbath: Why?
Seeking Alpha ·
Seeking Alpha reports: The Bitcoin price crash today has turned the broader crypto market blood red, just days after its strong October run. Bitcoin fell nearly 3% to around $83K after reaching ~$86K earlier this week, while dragging the major altcoins. The Ethereum price dropped more than ~5% to ~$2.56K, the XRP price fell about 5% to ~$1.42, and the Solana price also crashed more than ~3% to ~$116.69. So, why is Bitcoin falling? Leverage appears to have turned the sell-off into a crypto…