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Despite its strong momentum in early October, Bitcoin has recently slid below $110,000, pulling down the crypto market with it, which often causes worry for traders and investors.
Following the drop, Bitcoin’s price consolidated within a range of approximately $107,000 to $110,000, a zone representing a big psychological and technical support area. BTC’s price is currently hovering at about $108,068, a 2.62% decrease compared to the last 24 hours.
One of the main reasons why the price is down is due to over $400 million in liquidations occurring in the past 24 hours, pushing Bitcoin and major altco…
Read The Full Article Why are Bitcoin and crypto market down today? On Coin Edition.