tl;dr

The last 24 hours saw significant volatility in the cryptocurrency market, with BTC dropping from over $102,000 to $95,200 and altcoins like ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and others experiencing substantial price declines. BTC initially surged to a multi-week peak of $102,400 before rapidly...

The last 24 hours saw significant volatility in the cryptocurrency market, with BTC dropping from over $102,000 to $95,200 and altcoins like ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and others experiencing substantial price declines.

After a relatively quiet weekend, BTC surged from under $99,000 to a multi-week peak of $102,400. However, it quickly started to lose value, dropping to $95,200 and resulting in approximately $700 million in liquidations. Despite recovering slightly since then, bitcoin is still 6% down on the day, with its market cap falling to under $1.9 trillion and its dominance over the alts standing at 54.3%.

As it typically happens during violent corrections, most altcoins have suffered even more. Ethereum dropped by 8% to under $3,400, while other coins like SOL, DOGE, ADA, AVAX, SUI, LINK, HBAR, DOT, SHIB, and more experienced double-digit losses. The total crypto market cap decreased from $3.760 trillion to under $3.5 trillion, losing roughly $300 billion in the process.

A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200. The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 8 Jan 25
 8 Jan 25
 8 Jan 25