Bitcoin and Ethereum price drops triggered widespread liquidations, while Binance Coin's relative stability is noteworthy.

Market Downturn and Liquidations

On October 8th, the cryptocurrency market experienced a considerable decline, resulting in liquidations exceeding $624 million across various digital assets.

BNB's Performance

BNB exhibited an unusual level of stability during this downturn, with liquidations totaling just over $13 million. This comparatively low figure has led to allegations of market manipulation from some observers.

Impact on ETH and BTC

The broader cryptocurrency market downturn on October 8th significantly impacted Ethereum (ETH) and Bitcoin (BTC).