The major cryptocurrencies have slipped into the red zone. What else is happening in the crypto market on Oct. 8?
On Oct. 8, PancakeSwap confirmed its account was breached and urged users to ignore any links posted from it. In a series of now-deleted posts, the attacker tried to promote a fraudulent token, which reportedly reached $20 million in trading volume shortly after launch.
After touching a fresh all-time high near $125,700, Bitcoin has eased to about $121,000.
Momentum is cooling, with the MACD fading slightly but staying positive. As long as support holds, analysts see the next upside zone between $131,000 and $135,000.
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Data from CoinGlass reveals that the crypto market faced $662.39 million in total liquidations in the past 24 hours, comprising $510.89 million in longs and $151.50 million in shorts.
In the last 24 hours, more than 172,000 traders were liquidated. The largest single order, a BTC-USDT swap valued at $8.74 million, took place on OKX.
