Market News / Story
Why Is Crypto Down Today? Bitcoin, Ethereum, XRP and Dogecoin Slip After $400M Liquidation Wave
Finance Magnates ·
Finance Magnates reports: Crypto prices fell today (Wednesday) after a 20-minute sell-off in bitcoin wiped out more than $400 million in leveraged long positions. Bitcoin (BTC) dropped 1.6% to $84,218 on Binance by 07:01 UTC, while ether lost 3%, XRP 1.5% and Dogecoin 3.1% on Bitstamp. The flush hit between about 01:45 and 02:10 UTC, according to CoinGlass liquidation data. It came as Brent crude climbed back above $101 a barrel and the 10-year Treasury yield rose to about 5.3%. Traders are…