Bitcoin and Ethereum plunged Friday as macro inflation data and sliding U.S. equities spurred a market-wide sell-off; Bitcoin fell to about $108,617 and Ethereum to ~$4,295, wiping out recent gains and triggering large futures liquidations.
Immediate cause: mixed inflation data and equity weakness drove risk-off trading.
Liquidations exceeded $535 million across crypto futures in 24 hours, intensifying the drawdown.
Bitcoin: ~$108,617 (24h -4%, 30d -8%); Ethereum: ~$4,295 (24h -6%, ~13% below this week’s ATH).
Bitcoin and Ethereum price drop: BTC at ~$108,617 and ETH near $4,295 after inflation data sparked liquidations — read key takeaways and expert context.
What caused the Bitcoin and Ethereum price drop on Friday?
Bitcoin and Ethereum price drop was driven primarily by a risk-off reaction to July’s core personal consumption expenditures (PCE) inflation reading and a concurrent pullback in U.S. equities. Traders reduced long exposure, triggering automated futures liquidations and accelerating the sell-off.
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Over the 24-hour window, roughly $446 million in long positions were liquidated and about $535 million in total positions were closed, according to CoinGlass plain-text reporting. Bitcoin slid to approximately $108,617 (near early July lows), down ~4% in 24 hours and ~8% over 30 days. Ethereum traded near $4,295, down ~6% in 24 hours and about 13% from its recent all-time high of $4,946.
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Source: https://en.coinotag.com/bitcoin-falls-below-109000-as-crypto-markets-slip-could-signal-further-september-weakness/