Bitcoin extended its recent slide Thursday, diving below the $87,000 mark for the first time since April as traders weighed the prospects of a third rate cut this year following the delayed release of September jobs data.
The price of Bitcoin has fallen as low as $86,520 on the day, with a nearly 3% daily fall that's extended the leading cryptocurrency's weekly dive to 13.5% as of this writing.
Bitcoin has plunged by 31% since setting a new all-time high mark above $126,000 in early October.
Overall crypto market liquidations have surged over the past hour, currently sitting at $933 million