Bitcoin Price Suddenly Dumps Below $80K as Liquidations Surge to $670M

ETH slides further away from $2,400, SOL just dipped below $100. ZEC is down by over 7%. Although most weekends are typically quite sluggish for the crypto market, this one has turned out differently for now, with BTC dumping below $80,000 for the second time in the past ten days or so. The asset has taken most altcoins with it, and the liquidations are on the rise again. According to data from CoinGlass, over 210,000 traders have been wrecked in the past day alone. It was just several days ago, on Wednesday, when the primary cryptocurrency was riding high as it neared $85,000 for the first time in about two weeks. However, this rally seemed doomed from the start, and it didn’t take long for the bears to regain control and halt it. In the following 24-36 hours, BTC tanked to $81,000 but managed to maintain between that lower boundary and $82,000 on Friday. The predominantly bearish momentum, though, came out to play on Saturday once again, and the cryptocurrency just dipped below $80,000, going to a 9-day low at $79,750, where it found some support, at least for now. BTCUSD October 24. Source: TradingView The altcoins have followed suit. ETH is below $2,350, BNB is under $730, whil...