Benzinga
Bitcoin Drops 2% as Ethereum, XRP, Dogecoin Slide Ahead of Crucial Inflation Data
⏷ This article is from 2026-08-10 • More recent news →
xCruzo Brief
Bitcoin slid about 2%, breaking below key technical levels, as Strategy sold 1,690 BTC and traders positioned ahead of this week’s crucial inflation data. Crypto liquidations were heavy: Coinglass data showed 75,626 traders liquidated over the past 24 hours for $212.97 million. Meanwhile, SoSoValue reported net inflows of $98.9 million into spot Bitcoin ETFs on Friday, alongside $49.6 million in net inflows for spot Ethereum ETFs. XRP and Dogecoin also weakened. Traders cited a pattern where local tops and bottoms can form after multiple liquidity sweeps before price reclaims its range.
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