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06/08 12:29

Bitcoin's Plunge Causes Nearly $1 Billion in Liqui

Bitcoin's Plunge Causes Nearly $1 Billion in Liquidations

Bitcoin has fallen sharply, losing more than 3.5% in a matter of hours and briefly approaching the critical $100,000 mark.

At the time of writing, BTC is hovering just above that psychological threshold, trading at around $102,000.

The decline comes amid a series of macroeconomic and political shocks, including renewed trade tensions between the U.S. and China, an unexpected public clash between Elon Musk and Donald Trump, and a sharp sell-off in major tech stocks, particularly Tesla.

 The crypto market as a whole has not escaped the impact, with over $950 million worth of positions wiped out in the last 24 hours, and $890 million worth of longs liquidated.

Bitcoin led the way with $337 million worth of liquidations, followed by Ethereum ($282 million), Solana ($51 million), Dogecoin ($27 million), and XRP ($23 million).

Altcoins, especially meme coins, have been hit the hardest, with some suffering double-digit percentage losses as volatility has returned to the market in full force.

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