India, Oct. 8 -- Sentiment soured in cryptocurrency markets amidst a brutal bond selloff and a surge in crude oil prices. Overall crypto market capitalization slipped around a percent in the past 24 hours while Bitcoin dropped below $82 thousand in the past 24 hours.
The aggregate liquidations during the 24-hour period stood at $429 million. Liquidation of long positions amounted to $376 million, while the liquidation of short positions amounted to $53 million only.
Crypto markets also digested the hawkish minutes from the recent FOMC that revealed a committee focused on inflation combat.
Meanwhile, Fed rate hike expectations for October continue to remain low despite minutes of the FOMC released on Wednesday reinforcing the Fed's hawkis...