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Crypto market liquidations jump 235% to $547 million as Bitcoin slips below $84,000

The Cryptonomist·October 7, 2026·1 min read
Crypto market liquidations jump 235% to $547 million as Bitcoin slips below $84,000

Crypto market liquidations jumped 235% to $547 million as Bitcoin fell below $84,000 on October 7, 2026, following intensified Iranian attacks on tankers in the Strait of Hormuz. Brent Crude climbed above $101 a barrel, while smaller tokens suffered deeper losses than the largest cryptocurrencies. Ether accounted for $174 million in liquidated positions.

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