Bitcoin Price Rally Collapse Wipes Out $295M in Long Positions

NewsFri, 04 Sep 2026 17:29:09 UTC2 hours ago
Bitcoin Price Rally Collapse Wipes Out $295M in Long Positions
Bitcoin erased its 24-hour gains after peaking at $82,281, plunging below $78,700 before stabilizing near $79,500. Its market cap fell from $1.62 trillion to $1.57 trillion. Market Reversal Erases Gains Bitcoin erased nearly all its recent gains Friday in a sharp sell-off, sparked by stronger-than-expected U.S. jobs data that experts warn diminishes the odds of [โ€ฆ]
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