Crypto Market Slides: Bitcoin Loses 4.2 Percent and $651 Million of Long Bets Are Liquidated

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin has lost 4.2 percent since Tuesday afternoon, and ether and XRP more still. Three reasons can be documented: outflows from the US ETFs, $651 million of forcibly closed long bets and Fed minutes holding out the prospect of another rate rise. A crash it is not, and what to check before buying more is set out here.Outflows from the US spot ETFs on bitcoin and ether, forced closures of long positions worth more than $651 million and a central bank minutes pointing to a further rate rise: these three documented reasons have pulled the crypto market lower since Tuesday. Bitcoin fell 4.2 percent within 24 hours from its high of $86,592 on Tuesday afternoon, October 6, 2026, to $82,952. Ether lost 6.3 percent from high to low on Wednesday evening and XRP 7.1 percent, each measured against CoinGecko hourly prices. Little had changed by Thursday morning. Bitcoin costs $83,401, which is 2.4 percent less than 24 hours earlier, ether $2,582 (down 4.1 percent), XRP $1.43 (down 4.6 per...