Bitcoin
Bitcoin Price Rally Collapse Wipes Out $295M in Long Positions
Bitcoin.com News·September 4, 2026·1 min read
Bitcoin erased its 24-hour gains after peaking at $82,281, plunging below $78,700 before stabilizing near $79,500. Its market cap fell from $1.62 trillion to $1.57 trillion. Stronger-than-expected U.S. jobs data sparked the sell-off, wiping out $295 million in long positions.
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