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2024-10-22 09:25:16
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coindesk.com on Nostr: Summary of Bitcoin, Majors Dip on Leverage Flush; CAT Token Runs Up 60% on Futures ...

Summary of Bitcoin, Majors Dip on Leverage Flush; CAT Token Runs Up 60% on Futures Listing



The source article:
Bitcoin, Majors Dip on Leverage Flush; CAT Token Runs Up 60% on Futures Listing


The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, lost 2.1%.

https://www.coindesk.com/markets/2024/10/22/bitcoin-majors-dip-on-leverage-flush-cat-token-runs-up-60-on-futures-listing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin briefly approached $70,000 over the weekend but failed to maintain the momentum, dropping by 2.2% to just above $67,000. The decline was mirrored by other major cryptocurrencies like ETH, TON, and ADA, with over $165 million in long positions liquidated, indicating significant leverage use in the market. Market analysts predict a rangebound week for cryptocurrencies like BTC and ETH, with key resistance levels not yet surpassed.
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