Bitcoin Plunges To $100,000 As $1 Billion In Liquidations Hit XRP, ETH, Dogecoin

Benzinga

Bitcoin briefly hit $100,000 before sharp selling triggered over $1 billion in liquidations, dragging Ethereum, XRP, and Dogecoin lower. Sentiment turned fearful as ETF outflows continued, though analysts say the $100K level may still act as key support for a potential rebound.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin briefly hit $100,000 on Tuesday, sparking over $1 billion in liquidations as ETF outflows

00:08persisted, according to Benzinga. Ethereum, XRP, and Dogecoin fell about 10% as the crypto

00:14fare in GreenEdX dropped to 27, indicating rising market fare. Analysts said the $100,000 level

00:19remains key support, with some predicting a rebound toward $106,500 or $112,000.

00:26Michael Van De Popp called the pullback a disastrous start of the month, noting liquidity from

00:31the October 10th crash could support a bottom formation.

00:34For all things money, visit Benzinga.com.

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