Bitcoin
$342 Million Crypto Bloodbath as Bitcoin and XRP Longs Smashed: Main Crypto News This Morning
U.Today·October 29, 2026·1 min read
A Fed pause sparked a $342 million bloodbath for Bitcoin and XRP longs on Oct. 29. HYPE countered the drop by surging 9% on a Druckenmiller backing. The liquidation event hit leveraged long positions hard, while HYPE's rally provided a bright spot in an otherwise bearish crypto market.
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