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So much for 'Uptober.' Crypto markets will be recovering from this month's historic $20 billion wipeout for a long time
Heading into October, crypto investors were eager to see more gains. "Uptober," they were calling it. But instead, the month has mostly been marked by losses following the biggest single-day liquidation event in the history of cryptocurrency, which wiped out at least $20 billion in positions. Almost two weeks later, the digital-asset market is still reeling. While bitcoin's (BTCUSD) price has stabilized, smaller coins are struggling to find their footing. The market capitalization of cryptocurrencies excluding bitcoin has fallen by over 18% since Oct. 10, according to data from TradingView. The value of some ... (full story)
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