Bitcoin’s Grand Descent: A Dance of $104K and $1.2B Liquidations 💸📉

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Bitcoin has taken a dramatic bow, descending to $104,494-a price last seen in the distant past of nearly three months ago. Its market cap now languishes below $2.1 trillion, a 13

Bitcoin Leads the Downtrend

Bitcoin continued its melancholic waltz on Oct. 17, plunging 5

The bearish mood spread like gossip at a royal funeral. According to Coingecko, ETH dipped 6.5

BNB, once the market’s defiant rebel, now sobs into its 12

XRP, still nursing its Oct. 10 flash-crash trauma, sank another 7.5

The altcoin sector, ever the drama queen, clung to its bearish momentum. Total crypto market cap now languishes at $3.64 trillion-a 6

Meanwhile, global markets mirrored this chaos, driven by U.S. regional bank woes and U.S.-China trade tensions. Investors fled to gold, which, in a rare moment of dignity, refused to comment. 🦄

This carnage triggered $1.2 billion in liquidations-$943 million from long positions. One wonders if the traders involved now live in a metaphorical cave. 🏔️

FAQ 💡

  • What caused this grand performance of market mayhem? U.S. regional bank fragility and U.S.-China trade tensions, of course. A duet of doom, if you will. 🎭💼
  • How far did Bitcoin fall? Bitcoin descended to $104,494-a 5
  • Which altcoins were the hardest hit? BNB (12
  • Impact on leveraged traders? $1.2 billion in liquidations-because who *needs* sleep when you’re gambling with other people’s money? 💤

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2025-10-17 12:58