$342 Million Crypto Bloodbath as Bitcoin and XRP Longs Smashed: Main Crypto News This Morning

Crypto traders lost $342.25 million to liquidations in 24 hours, with 83,198 positions closed; longs accounted for $220.44 million (64.4%). Bitcoin fell below $80,000 to $79,988 after the Fed held rates at 3.75–4%; December hike odds jumped to 83%. XRP dropped 2.79% to $1.287, while ETH/BTC hit a multi-month low of 0.02899. ICE (NYSE owner) invested in trade[XYZ] to launch CFTC-regulated 24/7 perpetual futures built on Hyperliquid; HYPE rose 9.14% to $87.39. Levels to watch: $79,080 support, with $146 million in BTC longs at risk, and $87,091, with $131 million in short liquidations. Thursday morning, October 29, welcomes crypto market participants with a streak of red numbers on trading screens.

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