Over $1 billion in liquidations: Why is Bitcoin down today?

Bitcoin dropped below $106,505.22 on Nov. 3, down 3.6% in 24 hours, as a strengthening US dollar and sustained ETF outflows pressured crypto across the board. As of press time, Bitcoin has lost that key support level, now trading below $104,000 for the first sustained time since June. Ethereum trades at $3,490, falling 9%, while The post Over $1 billion in liquidations: Why is Bitcoin down today? appeared first on CryptoSlate.