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Bitcoin falls below $70k causing $289 million in total market liquidations

Long positions bear the brunt with $259.21 million liquidated amid Bitcoin's drop.

CryptoSlate

Nov 1

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Happy Friday!

In today’s CryptoSlate newsletter, we cover the latest news in the crypto world. Bitcoin's recent drop below $70,000 has triggered a massive $289 million in liquidations, with long positions taking the hardest hit at $259.21 million. In a notable counterpoint, former President Trump has reaffirmed his support for Bitcoin on the anniversary of Satoshi's whitepaper, promoting a crypto-friendly vision. Meanwhile, the SEC continues its crackdown, with Immutable receiving a Wells Notice and challenging the agency's vague allegations while committing to ongoing innovation. Additionally, Riot Platforms is attracting high-profile partners for its AI ventures, despite reporting losses in Q3. Keep reading for the latest updates on these significant developments!

The global crypto market cap is $2.33 trillion, with a 24-hour volume of $98.52 billion. The price of Bitcoin is $69,470.17, and BTC market dominance is 58.9%. The price of Ethereum is $2,501.61, and ETH market dominance is 12.9%. The Crypto Fear & Greed Index is currently Greed (75).