Crypto liquidations topped $1.05 billion, with bullish traders losing $930 million, or 88.2%, as Bitcoin, Ether, XRP, and Solana crashed.
Bitcoin plunged nearly 6% to $74,780.91, its lowest since August 21, while Ether lost over 7% to trade around $2,247.
Wall Street futures edged higher, with Nasdaq 100 futures up 0.3%, despite Nvidia facing an investigation into Jensen Huang’s reported relationship with an alleged Chinese spy.
Asian markets traded mixed, with Japan’s Nikkei gaining 1.97% and Australia’s ASX falling 0.39%, as investors awaited Chinese inflation data and major AI earnings.
