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Crypto market drops as $1.13B in leveraged positions liquidate, Bitcoin and Ether lead losses amid Fed rate hike fears

Market News
08 Oct 2026, 23:47 WIB
Tokenpost
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Bearish
Crypto market drops as $1.13B in leveraged positions liquidate, Bitcoin and Ether lead losses amid Fed rate hike fears

The crypto market experienced a sharp selloff with $1.13 billion in leveraged positions liquidated within 24 hours, causing Bitcoin to fall 3.3% to about $80,550 and Ether to drop 5.7% to around $2,413. Long positions accounted for the majority of liquidations, impacting nearly 188,000 traders. The overall market value declined by 3.31% to approximately $2.83 trillion, driven by concerns over a likely Federal Reserve interest rate increase by year-end as indicated in recent Fed meeting minutes. This signals heightened volatility and caution for crypto investors moving forward.

Bitcoin trades at Rp1.463.350.281 on Pluang as of Oct 09, 2026 04:02 WIB, down 1.89% in the past day. This follows the recent crypto market selloff that saw $1.13 billion in liquidations, highlighting ongoing volatility. Despite the sharp moves, Pluang users show strong buying interest with 76% of orders as buys and a typical holding period of 111 days, indicating a longer-term investment approach.

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