Babes

06/08 12:54

Bitcoin's decline caused liquidations worth nearly

Bitcoin's decline caused liquidations worth nearly $1 billion

Bitcoin plunged, losing more than 3.5% in a few hours and briefly approaching the critical $100,000 mark.

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

The decline comes amid a series of macroeconomic and political turmoil, including renewed trade tensions between the US and China, a surprising public clash between Elon Musk and Donald Trump, and a sharp sell-off in shares of major technology companies, notably Tesla.

The broader crypto market was not spared the fallout, with over $950 million worth of positions wiped out in the past 24 hours, with $890 million worth of long positions liquidated.

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

Altcoins, especially meme coins, were hit the hardest, with several of them suffering double-digit percentage losses as volatility returned in full force to the market.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Do you think LA is promising?

Mi piaceCondividi